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About This Property

Unlock the potential of this legal 4-plex, offering over 3,500 sq. ft. (MPAC) of rentable space in a high-demand location. All four units are fully above grade and self-contained, comprising two spacious two-bedroom units and two one-bedroom units. The property has been renovated, with three units currently tenanted and one vacant, providing immediate income with the opportunity to place a new tenant at current market rent. Located in historic downtown Port Hope, residents enjoy walkable access to shops, cafs, amenities and public transit, along with convenient access to VIA Rail and Highway 401-ideal for attracting a broad tenant base. A rear addition overlooking a peaceful ravine adds to the property's appeal. Whether you're expanding your portfolio or seeking a repositioning opportunity, 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. (id:63604)

Key Facts

Type

Multi-family

Baths

Size

9,558 sqft

Lot

52.18 x 95.7 FT

Property Details 11 details

Bathrooms

4 bathrooms

Living area

9,558 sq. ft.

Property

Multi-family · Attached

Property subtype

Multi-family

Structure type

Multi-Family

Attached status

Attached

Heating

Radiant heat

Fireplace

Lot dimensions

52.18 x 95.7 FT

Frontage

52.20 feet

Taxes

$6,906.30

Zoning

R2-1

Water source

Municipal water

Lot and water

Irregular lot size

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Mortgage & Affordability Estimate monthly costs

Down payment (%) Interest rate (annual %) Amortization (years) Property taxes (% of price) Condo/HOA fee (monthly)

Insurance/Other (monthly) Utilities (monthly)

Mortgage Tools Buyer/Seller Snapshot

Purchase price$809,000

Down paymentNot available

Mortgage amountNot available

Principal & interestNot available

Property taxesNot available

Condo/HOA feeNot available

Insurance/OtherNot available

UtilitiesNot available

Est. monthly totalNot available

Income needed (GDS 32%)Not available

Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area: Port Hope
City: Port Hope
Postal code: L1A 1P1
Nearby: Cross Streets: WALTON/PINE. ** Directions: 401 TO TORONTO RD EXIT, HEAD SOUTH, STAY ON HWY 2 AND GO LEFT AS IT BECOMES RIDOUT ST WHICH TURNS INTO WALTON ST, PROPERTY ON THE RIGHT.