New Listing
8-10 Bay Street,Woodstock (Woodstock - South), ON N4S3K5
Woodstock (Woodstock - South), ON N4S3K5
Description
Attention Investors & Portfolio Builders! This exceptional 6-unit multi-residential property has been fully stripped down and masterfully refurbished by a local professional builder and tradespeople, offering the ultimate peace of mind and true pride of ownership. Operating at an almost-new construction standard, this turnkey powerhouse is fully occupied and structured for maximum profitability. Unbeatable mechanicals and efficiency. Each of the 6 self-contained, 1 bedroom apartments features its own independent, high-efficiency heat pump system; tenants pay for their own heating, cooling and electricity, leaving only water for the landlord. A full structural overhaul included professional updates to all major systems, including plumbing, heating and electrical systems. Worry-free exterior: this property has been outfitted with new windows and a new roof in 2022/2023, minimizing capital expenditure for years to come. Premium suite finishes: every apartment boasts a bright, modern layout outfitted with all-new (in 2023) premium stainless steel kitchen appliances; each suite has washer/dryer (purchased from a local appliance company and fully owned by the seller) and new doors installed this year as well. There is a location advantage, perfectly situated in the core of Woodstock with a great walk score and immediate pedestrian-friendly access to local shopping, transit routes, schools, churches, restaurants, and essential amenities ensuring low vacancy rates. Also located in an optimization zone yielding incredibly low property taxes, aggressively boosting your net operating income (NOI). Expenses for the last 12 month period and Rental Income included in attachments. Additional parking one block away. A rare chance to own a multi-residential unit of quality. (id:13843)
Details
| MLS # | X14080632 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 5 |
| Listing Provided By | Century 21 Heritage House Ltd Brokerage | Fran Wicklum |
Features
| Bath(s) | 6 Total |
|---|---|
| SQ Feet | 4,709 |
| Zoning | C5 |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Other |
| Appliances | Washer, Dishwasher, Dryer, Water Heater |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 2387.02 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Woodstock (Woodstock - South) |
| Postal Code | N4S3K5 |
| Listing VS Median (in N4S3K5) | |
Price: $1,635,000 low | high Med: $1,635,000 sqft: 4,709 low | high Med: 3,605 $ / sqft: $347 low | high Med: $501 On site: 5 low | high Med: 5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Woodstock (Woodstock - South) |
| Postal Code | N4S3K5 |
| Listing VS Median (in N4S3K5) | |
Price: $1,635,000 low | high Med: $1,635,000 sqft: 4,709 low | high Med: 3,605 $ / sqft: $347 low | high Med: $501 On site: 5 low | high Med: 5 | |
