This is a rare opportunity to purchase a purpose built 4plex in Fisherville, a beautiful municaplity that is a 50 minute drive from Hamilton and 1 hour 30 min drive from Toronto. Fisherville is a small city that is directly adjacent to major cities such as Hamilton, Brantford, Niagara and Norfolk County. This 4plex has great upside potential as it is currently under market rents and uniquely has 4 separate furnaces and 5 separate hydro meters (5th hydro meter for common area). Once turned over, this property will cash flow well over $1,000 a month, thus providing great return for investors seeking for cashflow in an area close to the GTA.
Opportunity knocks with this undervalued purpose built 4plex in the peaceful Fisherville area, which is adjacent to many major city centers and is only a 1hr30 minute drive from GTA. This perfect for investors looking for a great cash flowing multi-family property with great upside potential and at an affordable price. This property has NO bidding wars and is open to offers on a first come, first serve basis. With over $1,000+ in net cash flow potential, this property will be a great addition to any BRRRR and multi-family investors.
The property is located in the main street of Fisherville beside many beautiful historical buildings. It is in close proximity to many local amenities including a 7 minute walk to Rainham Central School, 2 minute walk to a nearby local restaurants and retail shops, 3 minute walk to RBC, a local community center, and wellness clinic, and only a 1 minute walk to Canada Post.
The property has a newer roof, well maintained septic system, 4 separate and owned furnaces, 5 separate hydro meters, and a 3 vehicle driveway in a location that is mostly filled with street parking.
There are three 2 bedroom units, and one 1 bedroom unit which are under-rented and has the potential to increase turnaround tenants to increase rents and ultimately After Repair Value.
Finding a cash-flowing rental property nearby the GTA is very rare these days and appreciation across Ontario has been unprecedented. 12 Main Street E presents you with an opportunity to break into the multi-family investing space near the GTA at an affordable price point, great upside potential, and with strong cash flow.