39
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$1,099,900
Est. payment /mo
4 Baths
2,670 SqFt
New
61 Main ST S Uxbridge, ON L9P 1J4
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,670 sqft
Price per Sqft $411
Subdivision Uxbridge
MLS Listing ID N12327058
Annual Tax Amount $5,236
Tax Year 2024
Property Sub-Type Investment
Property Description
Investment Opportunity in Uxbridge: Fully Renovated Fourplex in Prime Location. Located in the heart of historic Uxbridge, this beautifully renovated fourplex offers a rare turn-key investment opportunity with strong income potential. The property features four fully self-contained units, three spacious 2-bedroom suites and one well-appointed 1-bedroom unit, each with its own private entrance, full 4-piece bathroom, kitchen, and living area. All units are separately metered for hydro, adding convenience for both landlord and tenants. Recent renovations throughout the building ensure modern comfort while preserving the charm and character of the original structure. A detached garage provides additional rental income, and the property includes seven dedicated parking spaces for tenants' convenience. With low maintenance costs and minimal upkeep required, this property is both an efficient and attractive long-term hold. Currently generating a solid net income with a cap rate of 5.85%and the potential for even greater returns through expense optimization and rent increases on the under-market unit, this property presents a strong cash flow opportunity. Appliances include 4 fridges, 4 stoves, and 2 owned hot water tanks. Just steps from local shops, schools, and Elgin Park, the location is ideal for tenants and offers consistent rental demand. Financial statements are available upon request. This is a must-see for both experienced investors and newcomers seeking a stable, income-generating asset in one of Durham Region's most desirable towns.
Location
State ON
County Durham
Community Uxbridge
Area Durham
Interior
Cooling No
Exterior
Community Features Greenbelt/Conservation, Public Transit
Utilities Available Yes
Lot Frontage 54.56
Lot Depth 110.43
Others
Security Features No
Listed by SUTTON GROUP-HERITAGE REALTY INC.