Real Estate Example
Independently Owned And Operated
40 - 1110 Finch Ave West , Toronto, ON
24 Water Street
Hastings, Trent Hills, ON, K0L 1Y0
For Sale
Asking: $1,349,999
Days on market: 1
Style: Investment
Cross St: HWY 45 & WATER ST
Lot size: 100 feet x 161 feet
Extra Information
Use: Apts - 6 To 12 Units
Category: Apartment
Taxes: $5,486.00/2026
Garage Type: None
Parking Space(s): 10
Heating: Electric Forced Air
CAC: Yes
Zoning: R2 AS PER GEO
Free Standing: Y
Total Area: 3923/Square Feet
MLS#: X14105346
Description: Excellent investment opportunity, This mostly renovated well-maintained 6 + 1-unit apartment building offers a desirable mix of two bachelor apartments, two one-bedroom apartments and three two-bedroom apartments, providing a diversified rental mix within one property. Five of the 6 + 1 units have been renovated, adding to the overall appeal of this established income-producing property. All units are separately metered for both water and hydro, an attractive feature for multi-residential ownership and long-term operating efficiency. The building currently generates approximately $104,263 in gross annual rental income, providing strong existing cash flow with scheduled future rent increases offering additional income potential. Adding to the property's appeal is the potential for future development of an additional multi-unit residential building on the property, creating an opportunity to further increase the number of rental units and overall income potential. Buyer to complete their own due diligence regarding zoning, servicing, development potential, building permits and all required municipal and regulatory approvals. Hastings is situated along the Trent-Severn Waterway, at the meeting of the Trent River and Rice Lake, making the area popular for boating, fishing and outdoor recreation. The community offers local shops, restaurants, parks, trails and essential services, while nearby Campbellford provides additional shopping, healthcare, dining and recreational amenities. With its waterfront setting, relaxed lifestyle and convenient access to surrounding communities, Hastings continues to be an appealing place to live for a wide range of residents. A compelling opportunity combining 6 +1 existing rental units, immediate income, separately metered utilities and future development potential-an excellent addition to a multi-residential investment portfolio.
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Listed by Royal Heritage Realty Ltd.
NOTE: The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
NOTE: The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
