61 Main St S

For Sale 48 Days
$1,099,900 $50K
$1,049,900
beds
4 baths
2,670 Sqft

61 Main St S

For Sale 48 Days
$1,099,900 $50K
$1,049,900
beds
4 baths
2,670 Sqft

Highlights

Key insights

Description

Investment Opportunity in Uxbridge: Fully Renovated Fourplex in Prime Location. Located in the heart of historic Uxbridge, this beautifully renovated fourplex offers a rare turn-key investment opportunity with strong income potential. The property features four fully self-contained units, three spacious 2-bedroom suites and one well-appointed 1-bedroom unit, each with its own private entrance, full 4-piece bathroom, kitchen, and living area. All units are separately metered for hydro, adding convenience for both landlord and tenants. Recent renovations throughout the building ensure modern comfort while preserving the charm and character of the original structure. A detached garage provides additional rental income, and the property includes seven dedicated parking spaces for tenants' convenience. With low maintenance costs and minimal upkeep required, this property is both an efficient and attractive long-term hold. Currently generating a solid net income with a cap rate of5.88%and the potential for even greater returns through expense optimization and rent increases on the under-market unit, this property presents a strong cash flow opportunity. Appliances include 4 fridges, 4 stoves, and 2 owned hot water tanks. Just steps from local shops, schools, and Elgin Park, the location is ideal for tenants and offers consistent rental demand. Financial statements are available upon request. This is a must-see for both experienced investors and newcomers seeking a stable, income-generating asset in one of Durham Region's most desirable towns. Great Investment! Great Investment! 5.88% Cap, if owner does their own snow removal cap rate is 6.36% potential to increase Net Income two ways. Financials Available Upon Request. Unit 3 now vacant as of Sept 1st. Call or email for financials. (id:63267)

GREG BROWN of SUTTON GROUP-HERITAGE REALTY INC.,
#N12327058
updated 5 days ago.
Houseful checked MLS® for data 5 days ago.

Home overview

Amenities / Utilities
  • Heat type
    Baseboard heaters
Exterior
  • # parking spaces
    8
Interior
  • # full baths
    4
  • # total bathrooms
    4.0
Location
  • Subdivision
    Uxbridge
Overview
  • Lot size (acres)
    0.0
  • Building size
    2670
  • Listing #
    N12327058
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28695890/61-main-street-s-uxbridge-uxbridge
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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