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9524 Springwater RD Malahide, ON N5P 3S7
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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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