7 Centre Street Spencerville, Ontario K0E 1X0

None Baseboard Heaters, Forced Air


2 side by side income properties: 7 Centre St & 16-18 Spencer St to be sold together for a total of 6 residential units and 1 commercial unit with adjoining parking spaces. 16-18 Spencer St: 2 storey Triplex with 1-3 bedroom on 2 floors and 2-2 bedroom units; 1 on ground flr and 1 unit on 2nd floor. Triplex total square footage approx 3348sqft (as per MPAC), with a yearly rental income of $25,800 7 Centre St: 2 Storey Fourplex with 2-3 bedroom 2 storey units, 1-2nd floor bachelor unit and 1 commercial (Laundry mat) on main floor. Fourplex total square footage approx 3193sqft (as per MPAC), with a yearly rental income of $37,564. Tenants pay their own utilities in all units. The 2 properties are on separate lots with paved parking spaces: 6 spaces between the buildings + 1 extra space on south side of 16 Spencer St. GREAT INVESTMENT properties with gross income of $63,364, well-maintained buildings, rarely a vacancy. Proof of financial pre-approval required before showings. (id:38825)

Property Details

MLS® Number 1232943
Property Type Multi-family
Neigbourhood Spencerville
Parking Space Total 7


Cooling Type None
Exterior Finish Siding, Vinyl
Foundation Type Stone
Heating Fuel Electric, Propane
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Utility Water Drilled Well


Acreage No
Sewer Municipal Sewage System
Size Depth 70 Ft
Size Frontage 150 Ft
Size Irregular 150 Ft X 70 Ft
Size Total Text 150 Ft X 70 Ft
Zoning Description Mcr



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