30 FOELL Street

About this home

A rare chance to own a fully tenanted, income-producing fourplex backing onto open farmland. Two 2-bedroom units and two 1-bedroom units, every one occupied and generating revenue from day one. Pride of ownership shows throughout this property, and the heavy lifting is done. Unit 1 was completely refreshed this year with a new kitchen, new bathroom, luxury vinyl plank flooring, new doors, fresh paint, and new appliances. The remaining three units have all been renovated in recent years, including updated kitchen cabinetry, countertops, and modern laminate and vinyl flooring. The big-ticket items are covered too: a durable metal roof, updated windows throughout the main levels, a gas water heater installed in 2020, and a parking lot freshly paved in 2022 with two spaces per unit for a total of eight spots. Smart mechanics make this an easy hold. Each unit runs on its own breaker panel, and tenants pay their own hydro while the landlord covers water and gas. Coin-operated laundry in the shared basement adds a bonus income stream. House-hackers, take note: live in one unit and let the other three carry the mortgage. Set on a sought-after dead end street along a Grand River Transit route, with quick access to the city and farmland views out back. Immediate possession with tenants in place. Opportunities like this rarely surface. (id:66966)

Details

Type

Multiplex

Size

2660 sq ft

Basement

Unfinished, Full

Property tax

$3,894

Neighbourhood

Baden/Phillipsburg/St. Agatha

Municipality

Baden

Interior

Fireplace

No

Heating, cooling and services

Heating

Forced air, Natural gas

Water and sewer

Municipal sewage system

Building and exterior

Year built

1890

Foundation

Poured Concrete

Outdoor

Brick, Aluminum siding

Parking

Total parking

8

Driveway and parking

Open

Location

Location is approximate. See nearby homes on the map