6 Bedroom
4 Bathroom
2,660 sqft
None
Forced Air
$898,000
A rare chance to own a fully tenanted, income-producing fourplex backing onto open farmland. Two 2-bedroom units and two 1-bedroom units, every one occupied and generating revenue from day one. Pride of ownership shows throughout this property, and the heavy lifting is done. Unit 1 was completely refreshed this year with a new kitchen, new bathroom, luxury vinyl plank flooring, new doors, fresh paint, and new appliances. The remaining three units have all been renovated in recent years, including updated kitchen cabinetry, countertops, and modern laminate and vinyl flooring. The big-ticket items are covered too: a durable metal roof, updated windows throughout the main levels, a gas water heater installed in 2020, and a parking lot freshly paved in 2022 with two spaces per unit for a total of eight spots. Smart mechanics make this an easy hold. Each unit runs on its own breaker panel, and tenants pay their own hydro while the landlord covers water and gas. Coin-operated laundry in the shared basement adds a bonus income stream. House-hackers, take note: live in one unit and let the other three carry the mortgage. Set on a sought-after dead end street along a Grand River Transit route, with quick access to the city and farmland views out back. Immediate possession with tenants in place. Opportunities like this rarely surface. (id:56248)
Property Details
|
MLS® Number
|
40845007 |
|
Property Type
|
Multi-family |
|
Amenities Near By
|
Place Of Worship, Playground, Schools |
|
Community Features
|
Quiet Area, Community Centre |
|
Features
|
Cul-de-sac, Conservation/green Belt, Paved Driveway, Laundry- Coin Operated, Sump Pump |
|
Parking Space Total
|
8 |
|
Structure
|
Shed |
Building
|
Bathroom Total
|
4 |
|
Bedrooms Total
|
6 |
|
Basement Development
|
Unfinished |
|
Basement Type
|
Full (unfinished) |
|
Constructed Date
|
1890 |
|
Cooling Type
|
None |
|
Exterior Finish
|
Aluminum Siding, Brick |
|
Foundation Type
|
Poured Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
2,660 Sqft |
|
Type
|
Fourplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Place Of Worship, Playground, Schools |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
127 Ft |
|
Size Frontage
|
94 Ft |
|
Size Total Text
|
Under 1/2 Acre |
|
Zoning Description
|
Z2a |
https://www.realtor.ca/real-estate/30043225/30-foell-street-baden