Last Sold Price
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Overview
Key Facts
Type
Levels Residential Income
Size -
Garage Yes
Taxes $5,486
Days Active 5
Lot Size
Approx. Age
MLS® Number X14105344
Property Address: 24 Water St, Hastings, ON, K0L1Y0
Average square foot calculated using Size range provided by listing agent.
Description
Excellent investment opportunity, This mostly renovated well-maintained 6 + 1 -unit apartment building offers a desirable mix of two bachelor apartments, two one-bedroom apartments and three two-bedroom apartments, providing a diversified rental mix within one property. Five of the six + one units have been renovated, adding to the overall appeal of this established income-producing property. All units are separately metered for both water and hydro, an attractive feature for multi-residential ownership and long-term operating efficiency. The building currently generates approximately $104, 263 in gross annual rental income, providing strong existing cash flow with scheduled future rent increases offering additional income potential. Adding to the property's appeal is the potential for future development of an additional multi-unit residential building on the property, creating an opportunity to further increase the number of rental units and overall income potential. Buyer to complete their own due diligence regarding zoning, servicing, development potential, building permits and all required municipal and regulatory approvals. Hastings is situated along the Trent-Severn Waterway, at the meeting of the Trent River and Rice Lake, making the area popular for boating, fishing and outdoor recreation. The community offers local shops, restaurants, parks, trails and essential services, while nearby Campbellford provides additional shopping, healthcare, dining and recreational amenities. With its waterfront setting, relaxed lifestyle and convenient access to surrounding communities, Hastings continues to be an appealing place to live for a wide range of residents. A compelling opportunity combining 6 + 1 existing rental units, immediate income, separately metered utilities and future development potential-an excellent addition to a multi-residential investment portfolio. (id:58753)Show Description
MLS® NumberX14105344
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementUnfinished, N/A
DrivewayNo Garage
Garage Spaces
HeatHeat Pump, Electric
A/CWall unit
Extras
Price History
Appreciation
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Avg. Days Listed
61 days
Today, For Sale for $1,349,999
For Sale · 4 days
$1,349,999
MLS® X14105344
5 days ago
Not Sold Yet
October 2026, For Sale for $1,349,999
For Sale · 4 days
$1,349,999
MLS® X14105344
5 days ago
Not Sold Yet
May 2021, Expired for $799,500
Expired · 61 days
$799,500
MLS® 40074530
5 years ago
Canceled on May 3, 2021
Map
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