Listing Presented by Nicole Schnurr, Sales Representative with Hanover  (519) 364-4747
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Contact:Nicole Schnurr, Sales Representative
Hanover
Mobile:(519) 889-1276
Co Listed With:Heather Keip, Broker
Hanover
Mobile:(519) 889-1674
Fax:(519) 364-4717
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MLS®#: 219651 $949,900 1017 GREENOCK/BRANT TOWNLINE CARGILL ON N0G 1J0
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Description: Originally a wool mill, this well-maintained, fully rented 12-plex, is situated on one acre, in the Hamlet of Cargill, on the Teeswater River. Comprised of three one-BR, four two-BR & five bachelor units (five on main level, seven on upper level). Stable tenants occupy the units with the majority being long-term and some repeat. This is indicative of the quality of the property. The units themselves are unique, with Unit #10 being the largest of the two-bedroom units (see photos). Units are heated by BB electric, with units 7 & 10 heated by F/A propane. Four water heaters service the building. Heat, hydro, cable & parking are included in the rental fees. There is a coin-operated laundry room for the tenant's convenience as well as a picnic area for their enjoyment. The sloped metal roof was replaced in 2018, as was the furnace. Gross annual income is $107K with $26K in expenses. Figures are approximate. If you are looking for an investment, consider Riverview Apartments.
Directions: In Cargill, property on main street, see property on S side before bridge.
Property Type:
RESIDENTIAL
Property Sub-Type:
Single Family
Area:
Brockton
Square Feet:
9632
County:
Bruce County
Acres:
1-2.99 Acres
Fireplaces:
Propane
Total Rooms:
1
Taxes:
$2,923.09
Tax Year:
2019
Exterior:
Balcony,Patio(s),Separate Hydro Meters,Year-Round Living
Heat:
Baseboard
Pool:
None
Roof:
Metal
Sewer:
Septic
Style:
2 Storey
Water:
Well
Zoning:
EP
Ownership:
Freehold
FEATURES: Fireplace
LOT FEATURES: Water Front
Listing Provided By:
List Agent: NICOLE SCHNURR, Sales Representative