$1,675,000
FOR SALE

Investment

Lot: 62.8 x 392.37 ftTotal Area: 24,983 ft2
2023 Taxes: $14,101Maintenance Fees: $6,151

195-197 Walton St
Port Hope, ON L1A 1N7 | Northumberland

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!
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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8351032
Last Updated May 17, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
PIN 510710151
Legal Description PT TOWN PLOT LT 66 PL STEWART PORT HOPE AS IN PH79
Occupancy Tenant
Possession Date TBD
Taxes (2023) $14,101
Tax Type Annual
Maintenance Fees $6,151
Directions/Cross Streets Walton Street And Thomas Street
Neighbourhood Port Hope
Area Northumberland
Price History

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Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 62.8 x 392.37 ft
Total Area 24,983 ft2
Air Conditioning N
Chattels Y
Garage Type None
Heat Type Gas Forced Air Open
Gross Income/Sales $125,425
Net Income Before Debt $83,781
Hydro Expense $570
Water Expense $4,979
Heat Expenses $4,126
Insurance Expense $4,132
Management Expense $6,028
Operating Expenses $39,183
Taxes Expense $13,197
Year Expenses $2,023
Expenses Actual/Estimated Est
Area Influences Rec Centre
Utilities Y
Water Municipal
Vacancy Allowance 2
Lot/Bldg/Unit Code Lot
Zoning R2
Seller Property Info Statement N

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