$689,000

Investment For Sale In Tillsonburg, Ontario

$689,000

Property Information:

Designed with the concept of a private owner's suite at the rear, this exceptional 4-plex in downtown Tillsonburg offers unlimited potential. Whether you envision living in the spacious back unit while the rental income from the front three units covers your mortgage, or you're a savvy investor seeking an excellent opportunity, this property provides flexibility and convenience with walking access to numerous amenities.The back unit features a raised ranch layout with generous living space, two bedrooms, two bathrooms, a private laundry area, and a back patio overlooking a large yard—ideal for summer relaxation. Meanwhile, the three front units are tenant-occupied and heated by electric heat, with tenants covering utility costs.In 2009, the front units were extensively renovated, taken down to the studs, and rebuilt to code, featuring new vinyl windows, separately metered plumbing and electrical systems, updated kitchens and bathrooms, new entry doors, and fire separations—all inspected and approved. Additional updates include a new roof in 2016, new windows in the back unit in 2022, and a newly added asphalt pad (21' x 24') in front of the garage for added convenience.This impeccably maintained property is ready to meet a variety of needs—don't miss this exceptional investment opportunity!

Inclusions: None,4 Refrigerator, 4 Stove, 1 Coin Operated Washer, 1 Coin Operated Dryer, Washer & Dryer In Back Unit.

Building Features:

  • Floor Space: 3351 Square Feet

Property Features:

  • Bedrooms: 8
  • Accessibility Features: None
  • Acres Range: < 0.5
  • Basement: Walk-Up Access, Full, Finished
  • Built in: 1925
  • Construction Materials: Brick
  • Cooling: Central Air
  • Driveway Parking: Lane/Alley Parking, Private Drive Single Wide
  • Floor Space (approx): 3351 Square Feet
  • Heating: Baseboard, Electric, Forced Air, Natural Gas
  • Laundry Features: Coin Operated, Common Area
  • Lot Depth: 145.4 Feet
  • Lot Features: Irregular Lot, Airport, Dog Park, City Lot, Near Golf Course, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Schools, Shopping Nearby, Trails
  • Lot Frontage: 50.00 Feet
  • Other Structures: None
  • Parking Features: Detached Garage
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Zoning: EC-R(H) Entrepreneurial
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 7

Courtesy of: Re/Max a-b Realty Ltd Brokerage

Data provided by: Woodstock-Ingersoll & District Real Estate Board 65-6 Springbank Ave. N., Woodstock, Ontario N4S 8V8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved