$799,900Asking Price
Discover an exceptional investment opportunity in the charming community of Cannington. This well-maintained four-plex offers the perfect blend of immediate cash flow and future upside potential, featuring four bright and spacious 2-bedroom apartments, all occupied by reliable long-term tenants. Ideally situated on full municipal services and directly across from a beautiful nature trail, this property offers tenants a peaceful setting with the convenience of town living. Pride of ownership is evident throughout, with valuable features including four separate hydro meters, four water heaters, and four private garden sheds for added tenant convenience. A turnkey investment with all four units fully rented, currently generating $3010.00 per month in rental income. Tenants pay their own utilities, with only one unit including water costs, helping keep operating expenses manageable. With cosmetic updates or renovations, there is excellent potential to significantly increase rental income and maximize returns over time. Whether you're looking to expand your portfolio or secure a solid income-producing property with future growth potential, this four-plex presents an outstanding opportunity in a welcoming small-town setting.
Discover an exceptional investment opportunity in the charming community of Cannington. This well-maintained four-plex offers the perfect blend of immediate cash flow and future upside potential, featuring four bright and spacious 2-bedroom apartments, all occupied by reliable long-term tenants. Ideally situated on full municipal services and directly across from a beautiful nature trail, this property offers tenants a peaceful setting with the convenience of town living. Pride of ownership is evident throughout, with valuable features including four separate hydro meters, four water heaters, and four private garden sheds for added tenant convenience. A turnkey investment with all four units fully rented, currently generating $3010.00 per month in rental income. Tenants pay their own utilities, with only one unit including water costs, helping keep operating expenses manageable. With cosmetic updates or renovations, there is excellent potential to significantly increase rental income and maximize returns over time. Whether you're looking to expand your portfolio or secure a solid income-producing property with future growth potential, this four-plex presents an outstanding opportunity in a welcoming small-town setting.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 14.60' x 10.99' | Laminate, Eat-in Kitchen |
| 2 | Kitchen | Main | 13.98' x 10.99' | Laminate |
| 2 4-Piece Bathrooms | ||||
| 2 4-Piece Bathrooms on Main Floor | ||||
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Cannington, Brock is an east GTA neighbourhood notable for its education, law & public sector professionals, salespeople and tradespeople. Residents tend to be younger with a significant number of babies, kids aged 5 to 14, youth aged 15 to 19 and adults aged 30 to 49.
Kids Per Family
1.1
kids per family
in the neighbourhood.
39%
of residents are
single and loving it.
39% singles
Brock (40%)
18%
of residents
are renters.
18% renters
Brock (18%)
14%
of residents are
university grads.
14% university grads
Brock (14%)Average Household Income
$96K
is the average household
income in the neighbourhood.
Professions
| Trades | 16% |
| Sales | 14% |
| Government | 9% |
| Business | 8% |
| Management | 7% |
8%
of residents were
born outside of Canada.
8% immigrants
Brock (9%)2.3% from UK
All-time
0.2% from USA
Recent
Foreign Languages
| Greek | 1% |
| German | 1% |
Religions
| Christian | 63% |