520 Main St W

For Sale: Fully Tenanted 9-Plex in the town of Shelburne with tons of potential!

Amazing opportunity to own this amazing 9-plex building on 2.8 acres of land!

It doesn't get more turn-key than this!
Currently tenanted with over $12,000 in monthly revenue. All financial documents available.

9 units in total:

5 x 2 bedroom units
3 x 1 bedroom units
1 bachelor unit

Metal roof
Separate hydro meter for each unit
Parking for 10+ cars

This Building Is A Two Story, Well Maintained Building. Four Units On Lower Level And 5 Units On Upper Level. Built In 1978. The Property Is Approx 2.8 Acres. Zoned Development & Ne. Taxes are $17,582.20

Currently with tenanted with over $12,000 in monthly revenue. All financial documents available.

"Land Bank" this amazing property until its ready by the town to develop, but still collect $12k/month in cashflow!

Part of largest zoned development area in the town of Shelburne which census Canada 2016 Shown it's the fastest development town in Ontario and 2nd in Canada. Very close to sewers and already on municipal water. Just a matter of time til development.

The Building is approximately 6800 sq ft. Main Street Frontage!

Market Rent is approx $168,000 plus utilities.

Extras: Recently updated Fire Alarm smoke detectors and septic system.

Additional income of coin laundry approx $4000 cash per year. Fast Growing Town. Lots of parking.

Please do due diligence regarding development. Hot water tanks Rentals $44.78/ month for both.

Note: No Interior Viewing until a conditional offer accepted. All offers must be 48 hour irrevocable. Please email [email protected] or [email protected]