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278 John ST N Elgin, ON N5H 2B4
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Key Details
Sold Price $590,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 2500-3000
MLS Listing ID X6691788
Sold Date 10/02/23
Style 2-Storey
Bedrooms 8
Annual Tax Amount $2,888
Tax Year 2022
Property Description
4PLEX in the growing town of Aylmer, located just outside of London and St. Thomas. Nestled in a quiet community close to nature trails but still close to all amenities. This remarkable property has great curb appeal and a large upswing potential for growth. This exceptional investment opportunity checks all the boxes; A+ tenants, low vacancy rate, extremely low maintenance and expenses, 7-car parking, water tanks owned and TENANTS PAY ALL UTILITIES (landlord pays $0). Complete with 4 hydro, 4 water and 4 gas meters. Ground floor units (1 bedroom & 3 bedroom) have front porches and upper units (two 2 bedrooms) have balconies. Some units have in-suite laundry and all units have separate heating/cooling. Unit 1 was completely renovated top to bottom in 2022 (Upgrades in document's tab). Add this cashflow positive, stress-free property to your portfolio today!
Location
Province ON
County Elgin
Area Elgin
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Cooling Other
Exterior
Parking Features Private
Garage Spaces 7.0
Pool None
Lot Frontage 66.0
Lot Depth 90.0
Total Parking Spaces 7
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