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2047 Main ST S Haldimand, ON N0A 1J0
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Key Details
Sold Price $1,399,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Haldimand
MLS Listing ID X11959149
Sold Date 07/14/25
Style 2-Storey
Bedrooms 10
Annual Tax Amount $5,220
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Prime Investment Opportunity Purpose-Built 6-Unit Apartment Building in Jarvis! An excellent multiplex investment offering steady rental income, with all six units currently tenanted. This well-maintained brick and concrete building with metal siding features four spacious two-bedroom units and two one-bedroom units, each separately hydro metered. The building has benefited from a series of updates over time, including improvements to the mechanical systems, windows, roofing, and exterior. These upgrades support long-term value and reduced maintenance needs. With a gross annual income of $115,880 and total expenses of $20,029, the property offers a strong 6.9% CAP rate. Additional features include ample parking and dedicated tenant storage lockers. Located in a growing community just 35 minutes from HWY 403/Hamilton, this property offers excellent long-term appreciation potential, along with the opportunity to bring rents in line with market value over time.
Location
Province ON
County Haldimand
Community Haldimand
Area Haldimand
Rooms
Basement Finished
Kitchen 6
Interior
Interior Features Separate Hydro Meter
Cooling None
Exterior
Parking Features None
Pool None
Roof Type Other
Total Parking Spaces 10
Building
Foundation Concrete
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