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$ 1,999,000
Est. payment | /mo
9 Baths
$ 1,999,000
Est. payment | /mo
9 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Thurlow Ward
MLS Listing ID X13659154
Style Bungalow
Annual Tax Amount $12,503
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Exceptional investment opportunity featuring nine detached residential rental units on one 2.74-acre parcel, conveniently located on Black Diamond Road just minutes from Highway 401. Fully rented and family owned since 1978, this established income-producing property is serviced by municipal water, municipal sewer and natural gas. The unit mix includes six 2-bedroom homes, two 3-bedroom homes and one 1-bedroom home, with many of the units having received updates over the years. Capital improvements include five newer furnaces and nine separate 100-amp electrical panels. The property also includes a detached 2.5-car garage and a detached single-car garage, providing additional storage and functionality. Frontage on two separate roads offers convenient access and added flexibility. One tenant currently manages snow removal and lawn maintenance, helping to reduce operating expenses. Ideally suited to investors seeking to expand their portfolio or multi-generational families looking for separate residences on one property, this unique offering provides established rental income, long-term potential and convenient access to major routes, amenities and services. Properties of this size and configuration are rarely available.
Location
State ON
County Hastings
Area Hastings
Rooms
Family Room No
Basement Crawl Space
Kitchen 0
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Front Yard Parking
Garage Spaces 3.5
Pool None
Roof Type Asphalt Shingle
Lot Frontage 608.65
Lot Depth 480.44
Total Parking Spaces 21
Building
Foundation Unknown
Others
ParcelsYN No
Listed by Royal Lepage Proalliance Realty
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