ON
Hawkesbury
K6A3V3
550-552 Mario Street
550-552 Mario Street, Hawkesbury, ON K6A3V3
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Listing Type
Multi Family
Listing Status
Active
6
$594,900

Home Details for 550-552 Mario Street

Price
$594,900
Type
Residential Income
Bedrooms
8
Total Bathrooms
4
Listing #
X13547724
Property Description

Excellent investment opportunity! This legal fourplex, built in 2001, offers strong, reliable income with a current gross annual rental income of $45,636. The property features four self-contained units and is fully tenanted, making it an ideal turnkey addition to any investment portfolio. Tenants pay their own gas and hydro, helping to keep operating costs low. The roof was replaced in June 2022, providing added peace of mind for years to come. Situated in a desirable location, this well-maintained income property offers stable cash flow today with additional upside, as all rents are eligible for a legal increase as early as November 1, 2026. There may also be potential to divide the building into two duplexes (similar to neighbouring properties), with buyers encouraged to verify this possibility with the municipality. Whether you're looking to expand your investment portfolio or purchase your first multi-unit property, this legal fourplex presents an outstanding opportunity. 24 hours' notice is required for all showings. (id:31684)

Property Features
  • Heating Information
    • Baseboard
    • Electric
    • Natural Gas
    • Other
  • Cooling Information
    • None
Listing Courtesy: RE/MAX ABSOLUTE REALTY INC.
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87 John Street, Hawkesbury, ON K6A 1Y1
Office
613 632 0707
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