437 COUNTY RD 34 - $950,000.00



 Request More Information   Mortgage Calculator   Download Listing Brochure   Return to Listings  

Property Specs:

Price$950,000.00
CityCottam, ON
Address437 COUNTY RD 34
Listing ID26019486
ConstructionAluminum/Vinyl, Concrete
FlooringCeramic/Porcelain, Cushion/Lino/Vinyl
ParkingOther
Land SizeIRREG. X 568 FT / 1.111 AC
TypeMulti-Family
StatusFor sale

Extended Features:

Equipment Water Heater - GasOwnership FreeholdRental Equipment Water Heater - GasCooling Central air conditioningFoundation Block, ConcreteHeating Ductless, FurnaceHeating Fuel Natural gas

Details:

This is an investor's dream! This unique 5-unit investment property checks all the boxes. It's completely updated, totally turnkey, low maintenance & already producing excellent cash flow with a strong, high-calibre tenant profile, plus the seller is open to a vendor take back mortgage. Situated on 1.1+ acres, this fully occupied property offers a smart mix of 1 x 2BR unit + 4 studio units, ideal for mid-to-long-term rentals. A massive 2024 renovation transformed the property from top to bottom, including brand new electrical, plumbing, waterproofing, framing, drywall, HVAC, roof, windows, siding & an oversized septic system, giving investors peace of mind with major capital improvements already completed. On-site laundry adds convenience for tenants & another practical feature. SHORT TERM VACATION RENTAL ELIGIBILITY: The Town has confirmed this property is most likely eligible for Short Term Vacation Rental use, opening the door to nightly & weekly vacation rental income across all five units, or a hybrid model pairing long-term tenancies with seasonal short-term bookings. There may also be potential for the addition of further units for an investor looking to maximize the site. (Buyer to verify STVR licensing, zoning & all permitted uses.) Turnkey, cash flowing, extensively renovated & designed for easy ownership, plus the Seller is willing to consider a VTB mortgage for a well-qualified Buyer. Opportunities like this are hard to find! Reach out today for complete income & expense information and to discuss adding this exceptional property to your portfolio. (id:4555)

Rob Gruich
Rob Gruich
Sales Representative
(519) 818-8989
(519) 735-7222

Have a Question?


LISTING OFFICE:
REMAX Capital Diamond Realty, Matt Biggley, BA, BEd

Comments / Live Discussion


Loading...