Property Address: 2236 Line 34, Shakespeare, ON, N0K2P0
Average square foot calculated using Size range provided by listing agent.
Description
Purpose-built investment opportunity! This 2022 built Four-plex features three fully leased 2 bed, 1 bath residential units generating $83, 400 in annual income, plus a ground-floor commercial space that will bring in $1, 000 when rented, bringing your annual income to $95, 400. Current CAP rate of 5.1% with a projected CAP rate of 5.9%. Ability for further development potential, including a two-car garage with a residential unit above. A modern, low-maintenance asset with strong income and long-term upside.