226 RAILWAY STREET
Bonfield, Ontario
MLS® X14095578
$375,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X14095578
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- —
1 / 8Listing description
Excellent investment opportunity in Bonfield! This four plex features four residential units, consisting of three 2 bedroom units, and one bachelor unit . Two of the 2 bedroom units are currently tenanted, providing rental income of from day one.
The remaining 2 bedroom unit and bachelor unit require completion of renovations, offering an opportunity for investors to add value, complete the improvements, and maximize the property's rental potential. Ideal for investors looking to expand their portfolio and increase future income potential. Explore the possibilities this multi unit property has to offer!
Annual expenses are $8543. 02. Tenant in Unit 2 pays $1650 / month but carries out snow removalAnd lawn care, water filters and UV , and basic maintenance to the property.
Unit 4 pays $1850 per month. Unit 1 & 3 are requiring renovation but could potentially generate even greater cashflow, or live in one unit, and generate rental income from the others to help cover your mortgage and living expenses!
Property summary
- MLS® number
- X14095578
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 159.6 x 136.1 FT ; Lot size irregular
- Annual property taxes
- $2,172.89
- Parking
- 8 spaces · No Garage
- Days on market
- 14 days
Features & details
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Basement
- Unfinished, Partial, Separate entrance, N/A, N/A
- Appliances
- Stove, Water Treatment, Water Heater, Two Refrigerators
- Exterior features
- Vinyl siding
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $375,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage Northern Life Realty, Brokerage, NORTH BAY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.