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In-PersonVirtual Tour
$ 1,199,999
Est. payment | /mo
1 SqFt
$ 1,199,999
Est. payment | /mo
1 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,199,999
Subdivision Dunnville
MLS® Listing ID X12595898
Lot Size 1.002 Acres
Acres 1.002
Source Toronto Regional Real Estate Board
Property Description
7-Plex Investment Opportunity on 1 Acre in Dunnville! Welcome to 172-176 Diltz Road, a rare and multi-residential property offering strong current income and outstanding future potential. This well-maintained asset features a standalone 2-bedroom bungalow-plus a separate 6-unit apartment building, with each unit consisting of a spacious 2-bedroom layout. Designed for efficient management, every unit includes separate hydro and gas meters, individual forced-air furnaces, and private hot water tanks, dramatically reducing operating costs and increasing tenant accountability. Significant capital improvements have already been completed, including newer windows, roofs, HVAC units, and hot water tanks, along with web-enabled security cameras for convenient remote monitoring. This property delivers a current cap rate of approximately 5.5%, with excellent potential to increase returns by adding laundry facilities and bringing below-market rents to current area levels. With ample parking, a large outdoor area for tenant enjoyment, and a full acre of land, this building offers both stability and long-term growth opportunities. Located in a quiet and convenient area close to schools, shopping, parks, and the Grand River, with easy access to major commuter routes. Rental demand in Dunnville remains strong, making this an ideal opportunity for investors seeking reliable income or for those looking to live in the bungalow while earning revenue from the additional six units. A rare chance to acquire a high-performing, low-maintenance multi-residential investment in a thriving community. Don't miss this exceptional opportunity! Small VTB possible to well qualified buyer. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Forced air
Cooling None
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by EXP REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1816 Crowchild Trail NW # 700, Calgary, T2M, 3Y7, Canada