23-27 William Street Merlin, Ontario

$399,900

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PROPERTY INFO

ATTENTION INVESTORS! EXCELLENT RATE OF RETURN! OVERSIZED TRIPLEX ON A L SHAPED LOT IN MERLIN. All 3 units are fully rented. Gross annual income $42,868.56. All units are very large with two- 2-bedroom units & one-1 bedroom unit. Tenants pay their own hydro & gas. Owner pays water. 2 of the units have been updated in recent years, including furnace & AC, hot water tanks, kitchen, bathrooms, insulation & drywall. Sits on a large corner L shaped lot on a 1/2 acre, with each unit having their own separate yard. On municipal water & city sewer. Ample parking for all units. Opportunities for additional income on the L shaped portion of the lot, such as storage containers.

PROPERTY SPECS

Price $399,900

City Merlin, Ontario

Address 23-27 WILLIAM Street

Listing ID 24026768

Construction Aluminum/Vinyl

Roof Asphalt

Flooring Carpeted, Laminate

Land Size 118 X IRREG.

Type Multi-Family

Status For Sale

EXTENDED FEATURES

Subtype Triplex Acreage 0.476 Ownership Freehold Foundation Block Heating / Cooling Forced Air, Fully Air Conditioned Heating Fuel Natural Gas Hot Water Tank Electric Utility Water Municipal Water Sewer Sanitary Date Listed Nov 1, 2024 Days on Market 50 Parking Paved

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519-948-8171

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Listing Agent: KRISTA MALL

Listing Agency: ROYAL LEPAGE PEIFER REALTY (DRESDEN)