Designed with the concept of a private owner's suite at the rear, this exceptional 4-plex in downtown Tillsonburg offers unlimited potential. Whether you envision living in the spacious back unit while the rental income from the front three units covers your mortgage, or you're a savvy investor seeking an excellent opportunity, this property provides flexibility and convenience with walking access to numerous amenities.\r\n\r\nThe back unit features a raised ranch layout with generous living space, two bedrooms, two bathrooms, a private laundry area, and a back patio overlooking a large yard?ideal for summer relaxation. Meanwhile, the three front units are tenant-occupied and heated by electric heat, with tenants covering utility costs.\r\n\r\nIn 2009, the front units were extensively renovated, taken down to the studs, and rebuilt to code, featuring new vinyl windows, \r\nseparately metered plumbing and electrical systems, updated kitchens and bathrooms, new entry doors, and fire separations?all inspected and approved. Additional updates include a new roof in 2016, new windows in the back unit in 2022, and a newly added asphalt pad (21' x 24') in front of the garage for added convenience.\r\n\r\nBuyer to assume all tenants.\r\n\r\nThis impeccably maintained property is ready to meet a variety of needs?don't miss this exceptional investment opportunity! (id:47421)
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Listed By
Re/Max a-b Realty Ltd Brokerage
Data Provided By
Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
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Detailed Information
Bedrooms
8
Lot
50 x 145.33 ft
Amenities Nearby
Recreation, Public Transit, Park, Hospital
Features
Laundry- Coin operated
Listing Contract Date
2024-08-12
Location Description
Broadway Street south to Baldwin Street, turn right, follow to #57 to view from front. To access the property turn off Baldwin Street onto Racoon Alley, the driveway is on the right and goes behind the property on the corner.
# of Parking Spaces
7
Property Type
Business
Transaction Type
For sale
Zoning Description
EC-R(H) Entrepreneurial
Building
Appliances
Dryer, Stove, Washer, Refrigerator
Cooling Type
Central air conditioning
Exterior Finish
Brick
Heating Fuel
Natural gas
Heating Type
Forced air
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Garage
Land
Total Size
L-Shaped Lot - driveway off Racoon Alley | under 1/2 acre
Amenities
Recreation, Public Transit, Park, Hospital
Sewer
Sanitary sewer
Size of Irregular Land
L-Shaped Lot - driveway off Racoon Alley
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