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$ 650,000
Est. payment /mo
Price Dropped by $25K
221 Walton ST Port Hope, ON L1A 1P1
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Port Hope
MLS Listing ID X11893749
Style 2-Storey
Bedrooms 6
Annual Tax Amount $6,522
Tax Year 2024
Property Sub-Type Multiplex
Lot Front 52.18
Property Description
Unlock the potential of this legal 4-plex, offering over 3,500 sq. ft. (MPAC) of rentable space in a high-demand location. Featuring two spacious two-bedroom units and two one-bedroom units, each self-contained, this property provides immediate income-generating potential. Tenants are vacating and the building could use some renovations, presenting a clear value-add opportunity for savvy investors willing to renovate and maximize returns. Located in historic downtown Port Hope, tenants benefit from walkable access to amenities, shops, cafes, and public transit, including VIA Rail and Highway 401ideal for attracting a broad tenant base. The property includes a rear addition overlooking a peaceful ravine, adding appeal to attract quality tenants. Whether you're expanding your portfolio or seeking a repositioning project, this property's size, location, and configuration make it a rare find. With strong rental demand in one of Ontario's most desirable small towns, this is a smart investment ready for its next chapter. **EXTRAS** With renovations of kitchens, bathrooms and flooring this building has significant potential for high rents and low expenses, an investment with this type of opportunity is a rare find. There is rough-in for laundry in the utility room.
Location
Province ON
County Northumberland
Community Port Hope
Area Northumberland
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Primary Bedroom - Main Floor, Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Lot Frontage 52.18
Building
Unit Features Park,Place Of Worship,Public Transit,School Bus Route,Wooded/Treed
Foundation Stone
Listed by RE/MAX JAZZ INC.