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$ 1,899,999
Est. payment | /mo
6,840 SqFt
$ 1,899,999
Est. payment | /mo
6,840 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 6840
Square Footage 6,840 sqft
Price per Sqft $277
Subdivision Shelburne
MLS® Listing ID X12733634
Lot Size 2.785 Acres
Acres 2.785
Property Description
For Sale by Owner. Click on "More Information" Link Below. Refined & Investor-Focused For Sale: Fully Tenanted 9-Plex on 2.8 Acres - Prime Main Street Frontage, Shelburne. Rare opportunity to acquire a fully tenanted, cash-flowing 9-unit apartment building situated on an expansive 2.8-acre parcel in the rapidly growing Town of Shelburne. This well-maintained, two-storey building offers immediate income with long-term upside, making it ideal for investors seeking stability today and development potential tomorrow. Property Highlights: 9 Residential Units Total. 5 Two-Bedroom Units. 3 One-Bedroom Units. 1 Bachelor Unit. Approx. 6,800 sq. ft. of rentable area. Built in 1978. Metal Roof. Individually Metered Hydro. Municipal Water. Recently Updated Septic System.Updated Fire Alarm & Smoke Detection. System Coin Laundry Income (~$4,000 annually) 10+ On-Site Parking Spaces. Main Street West Frontage. Financial Overview: Current Gross Income: Over $12,000/month. Annual Gross Income: ~$144,000+ Strong Upside to Market Rents. Low Utility Exposure due to separate metering. Taxes: $17,582.20. Hot Water Tanks: Rentals at $44.78/month (both. Zoning & Future Potential: The property is located within one of Shelburne's largest designated development areas, offering compelling long-term land-banking potential. The site is already on municipal water and is in close proximity to municipal sewers, positioning it well for future redevelopment subject to buyer due diligence and municipal approvals. Shelburne continues to experience sustained population growth and residential demand, making this an excellent opportunity to hold, improve cash flow, and position for future value creation. Showing Instructions: No interior showings prior to an accepted conditional offer. 48-hour irrevocable on all offers. Financials available to qualified buyers (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 10
Garage No
Private Pool No
Building
Sewer Septic System
Listed by Enas Awad
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