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195-197 Walton Street
Port Hope Port Hope L1A 1N7

$1,650,000 /For Sale
Commercial

Main Photo: 195-197 Walton Street: Port Hope Property for sale : MLS®# X8351032
Photo 1: 195-197 Walton Street: Port Hope Property for sale : MLS®# X8351032
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X8351032
Bus Major:
Apts-6 To 12 Units
Stunning turnkey 7-unit multifamily property located just outside of the GTA in Port Hope. Grossing over $125,000 annually with a 5% cap rate and further upside potential! Most units have been renovated with some additional capital expenditures completed within recent years. Hydro is split and paid for by all tenants! Enjoy passive cash flow with the ability to purchase on CMHC financing for a lowered interest rate, longer amortization and stronger loan-to-value. Showings welcomed!
Walton Street and Thomas Street
510710151
Property Type:
Commercial
Commercial Type:
Investment
Depth:
392'4½"
Frontage:
62'10"
Total Area:
24,983 sq. ft.
Zoning:
R2
Heating type:
Gas Forced Air Open
Garage:
None
Possession Details:
TBD
Taxes:
$14,101 / 2023
Assessment:
$- / -
Utilities:
Y
Green Property Information Statement:
No
Energy Certification:
No
Water supply:
Municipal
Seller Property Info Statement:
No
Maintenance Fee:
6151.0
Air Conditioning:
N
Chattels:
Yes
Log/Bldg/Unit Code:
Lot
Type Taxes:
Annual
Vacancy Allowance:
2
Category:
Apartment
Major Business Type:
Apts-6 To 12 Units
Franchise:
No
Freestanding:
Yes
Gross income:
$125,425
Expenses Actual/Estimated:
Estimated
Heating Expenses:
4126
Hydro Expenses:
570
Insurance Expenses:
4132
Management Expenses:
6028
Operating Expenses:
$39,183
Tax Expenses:
$13,197
Water Expenses:
$4,979
Year Expenses:
2023
Net Income Before Debt:
$83,781
Date Listed:
May 17, 2024
Original Price:
Previous Price:
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Listed by EXP REALTY
Data was last updated June 19, 2024 at 11:55 AM (UTC)