2047 MAIN STREET SOUTH

Haldimand, , N0A1J0, Canada

$1,399,000

Prime Investment Opportunity Purpose-Built 6-Unit Apartment Building in Jarvis! An excellent multiplex investment offering steady rental income, with all six units currently tenanted. This well-maintained brick and concrete building with metal siding features four spacious two-bedroom units and two one-bedroom units, each separately hydro metered. The building has benefited from a series of updates over time, including improvements to the mechanical systems, windows, roofing, and exterior. These upgrades support long-term value and reduced maintenance needs. With a gross annual income of $115,880 and total expenses of $20,029, the property offers a strong 6.9% CAP rate. Additional features include ample parking and dedicated tenant storage lockers. Located in a growing community just 35 minutes from HWY 403/Hamilton, this property offers excellent long-term appreciation potential, along with the opportunity to bring rents in line with market value over time.

EXTRAS: Washer, Refrigerator, Stove, Dryer

Last updated on : Monday 12th of May 2025 01:30:49 PM

ADDRESS

Street : 2047 MAIN STREET SOUTH

City : Haldimand

Country : Canada

Postal Code : N0A1J0

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PROPERTY SUMMARY

Property ID : X11959149

Building Type : Other

Property Type : Multi-family

Bedrooms : 10

Bathrooms : 6

Parking : 10

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