Listing Presented by Nicole Schnurr, Sales Representative with Hanover (519) 364-4747
Contact:Nicole Schnurr, Sales Representative
Co Listed With:Heather Keip, Broker
MLS®#: 219651 $949,900 1017 GREENOCK/BRANT TOWNLINE CARGILL ON N0G 1J0
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.
Balcony,Patio(s),Separate Hydro Meters,Year-Round Living
LOT FEATURES: Water Front