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Est. payment /mo
8 Beds
7 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Hastings
MLS Listing ID X14105344
Style 2-Storey
Bedrooms 8
Annual Tax Amount $5,486
Tax Year 2026
Property Sub-Type Multiplex
Property Description
Excellent investment opportunity, This mostly renovated well-maintained 6 + 1 -unit apartment building offers a desirable mix of two bachelor apartments, two one-bedroom apartments and three two-bedroom apartments, providing a diversified rental mix within one property. Five of the six + one units have been renovated, adding to the overall appeal of this established income-producing property. All units are separately metered for both water and hydro, an attractive feature for multi-residential ownership and long-term operating efficiency. The building currently generates approximately $104,263 in gross annual rental income, providing strong existing cash flow with scheduled future rent increases offering additional income potential. Adding to the property's appeal is the potential for future development of an additional multi-unit residential building on the property, creating an opportunity to further increase the number of rental units and overall income potential. Buyer to complete their own due diligence regarding zoning, servicing, development potential, building permits and all required municipal and regulatory approvals. Hastings is situated along the Trent-Severn Waterway, at the meeting of the Trent River and Rice Lake, making the area popular for boating, fishing and outdoor recreation. The community offers local shops, restaurants, parks, trails and essential services, while nearby Campbellford provides additional shopping, healthcare, dining and recreational amenities. With its waterfront setting, relaxed lifestyle and convenient access to surrounding communities, Hastings continues to be an appealing place to live for a wide range of residents. A compelling opportunity combining 6 + 1 existing rental units, immediate income, separately metered utilities and future development potential-an excellent addition to a multi-residential investment portfolio.
Location
State ON
County Northumberland
Area Northumberland
Body of Water Trent Severn River
Rooms
Family Room No
Basement Unfinished
Kitchen 7
Interior
Interior Features Separate Hydro Meter, Separate Heating Controls
Cooling Wall Unit(s)
Exterior
Pool None
Roof Type Metal,Fibreglass Shingle
Lot Frontage 100.84
Lot Depth 161.53
Total Parking Spaces 10
Building
Foundation Stone
Others
Senior Community No
ParcelsYN No
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Listed by Royal Heritage Realty Ltd.