CAONNorth Gower6610 Fourth Line Rd Fourth Line Rd

6610 FOURTH LINE Rd Fourth Line Rd, North Gower, ON

House

For Sale

Listed price in listed location currency (CAD).

$2,990,000

000

MLS® X12767868

Overview

Key Facts

Type

Levels Commercial Sale

Size -

Garage Outside/Surface

Taxes $13,982

Days Active 69

Lot Size

Approx. Age

MLS® Number X12767868

Property Address: 6610 FOURTH LINE Rd Fourth Line Rd, North Gower, ON, K0A2T0

Average square foot calculated using Size range provided by listing agent.

Description

Institutional-quality, cash-flow-positive investment offering long-term stability with embedded upside. This mostly renovated multi-unit asset has been thoughtfully upgraded to support predictable income, low operating risk, and strong tenant retention. Five units have been renovated within the past two years, two additional units within the past five years, while the attached three-bedroom residence remains largely unrenovated, presenting a clear and controllable value-add opportunity through modernization and rent repositioning.The property is engineered to run lean. A commercial-grade septic system and new septic bed, completed within the last two years, paired with upgraded electrical infrastructure and full separate metering, ensures operating efficiency while pushing utility costs directly to tenants. A new private well eliminates water expenses entirely, and the absence of municipal services results in consistently low property taxes, materially strengthening net operating income and long-term yield.Operational stability is further enhanced by a long-term tenant occupying the attached residence who also serves as an on-site caretaker. In exchange for below-market rent, this tenant provides snow removal, lawn care, routine maintenance, and minor repairs - services not reflected in operating expenses - effectively stabilizing cash flow and reducing management exposure without increasing overhead. Four units are wheelchair accessible, offering a durable competitive advantage in a market with an aging demographic and limited accessible housing supply. These units remain in high demand, support strong tenant quality, and contribute to low vacancy and turnover. The building is well maintained, tenanted by clean, long-term occupants, and requires no immediate capital expenditures. This asset delivers reliable income today with measured upside tomorrow, making it ideal for investors seeking strong in-place cash flow, low expense ratios.

MLS® NumberX12767868

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageOutside/Surface

Approx. Age

Basement

DrivewayGarage Type:Outside/Surface

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 6, 2026List Date

$2,990,000List Price

Map

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