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Renanza Realty
For sale

335 JOHN STREET S

Aylmer, Ontario

MLS® X13504818

$19,250,000

Status
Active
Property type
Multi-family
MLS® number
X13504818
Bedrooms
Bathrooms
Year built

Listing description

TURNKEY INVESTMENT OPPORTUNITY! Recently Completed purpose built rental 44-UNIT CONDO DEVELOPMENT Rarely does an asset of this scale and caliber hit the market. Just completed this past spring, this pristine, master-planned multi-family purpose built rental development offers an incredible opportunity for investors seeking strong cash flow with zero construction risks.

The property features a highly versatile, tenant-focused product mix designed to maximize ROI, consisting of 24 traditional townhouses alongside 20 innovative multi-level units featuring distinct upper and lower layouts. The 24 premium townhouses feature a highly desirable 3-bedroom, 2. 5-bathroom floor plan complete with private attached garages, commanding $2,395 per month.

The 10 upper-level units offer an expansive 2-bedroom plus den, 2-bathroom layout, which also includes private attached garages, renting for $2,095 per month. The 10 lower-level units are beautifully optimized 2-bedroom, 1-bathroom layouts renting at an attractive entry point of $1,695 per month. To ensure maximum profitability and minimal landlord overhead, all tenants pay 100% of their own utilities.

Every single one of the 44 units comes fully equipped with a brand-new, modern appliance package, including a refrigerator, stove, dishwasher, over-the-range microwave, and a convenient in-suite washer and dryer. With 34 out of the 44 total units featuring coveted private garage parking, this complex commands top-tier market rents and attracts exceptionally qualified, long-term tenants. Skip the builder delays and material shortages-this asset is brand new and ready to perform.

Financial statements, a current rent roll, and site plans are available with a signed NDA. Don't miss out on adding this crown jewel to your portfolio.

Property summary

MLS® number
X13504818
Property type
Multi-family
Building type
Multi-Family
Square footage
3 sq ft
Land size
3.33 acres
Annual property taxes
$111,384.00
Parking
Other
Days on market
62 days

Features & details

Heating
Forced air, Natural gas
Cooling
Fully air conditioned

What would this home cost you?

Based on the $19,250,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$89,567 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Royal Lepage R.E. Wood Realty Brokerage, TILLSONBURG.

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.