Malahide, ON N5P 3S7,9524 Springwater RD
Malahide, ON N5P 3S7,9524 Springwater RD
Malahide, ON N5P 3S7,9524 Springwater RD
40
$1,135,000
$1,225,000
7.3%
Est.Price: ?

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9 BD
7 BA

9524 Springwater RD Malahide, ON N5P 3S7

Est. payment /mo
SOLD DATE : 12/09/2024

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Key Details

Sold Price $1,135,000

Property Type Multi-Family

Sub Type Multiplex

Listing Status Sold

Purchase Type For Sale

Subdivision Orwell

MLS Listing ID X9301589

Sold Date 12/09/24

Style 2-Storey

Bedrooms 9

Annual Tax Amount $4,220

Tax Year 2024

Property Sub-Type Multiplex

Property Description

A great opportunity to invest in a fully renovated 4plex on the outskirts of picturesque St. Thomas! With recently updated interiors and exteriors, its ready for new ownership with no additional work required. Each of the four spacious units is designed with a modern layout, and ample parking is available for tenants and their guests. The property is well-maintained and boasts a strong rental income of $109,200 per year, supported by responsible tenants who value their homes and keep the property in excellent condition. Positioned in a quiet area just outside St. Thomas, it combines the best of both worlds: a serene setting with easy access to local amenities and main transportation routes. This 4plex is ideal for both new investors looking to break into the market and experienced ones seeking to expand their portfolio. Dont miss this chance to secure a sound and profitable investment.

Location

Province ON

County Elgin

Community Orwell

Area Elgin

Rooms

Family Room No

Basement None

Kitchen 4

Interior

Interior Features Sump Pump

Cooling Central Air

Exterior

Parking Features Other

Pool None

Roof Type Metal

Lot Frontage 125.42

Lot Depth 203.86

Total Parking Spaces 15

Building

Foundation Slab

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Listed by REALTY ADVISORS & CO LTD

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Nigel Wong

Nigel Wong

Realtor | License ID: 9598315

+1(647) 549-1865

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