LOADING

21,23,25,27 Willmar Drive Formosa, Ontario N0G 1W0

2 Bedroom 1 Bathroom 5760
Wall Unit In Floor Heating

$1,600,000.00

Calling all Investors, here is your opportunity to own a brand new 4-plex in the quiet community of Formosa. This tastefully designed building is planned to be completed and ready for you to generate an income as of October 2022. With average rental income of $1800-2200 per month you have an opportunity to invest with a 5-7% Cap Rate. Each unit is finished with 2 Bedrooms, Open Concept Living Space,Quartz Countertops and Bright Kitchen Cabinetry, Attached Garage, Deck and beautiful finishes and will be suitable for both young and older tenants. Conveniently located 30 minutes to Lake Huron, Kincardine, 38 min to Bruce Power and an hour to Owen Sound & Waterloo. Call your Realtor today to learn more about this investment opportunity. *renderings are for visual purposes only, actual building and finishes may differ - each unit will have its own gravel driveway* (id:40674)

Property Details

MLS® Number 40298191
Property Type Multi-family
Amenities Near By Place Of Worship, Schools
Communication Type Fiber
Equipment Type None
Features Corner Site, Crushed Stone Driveway
Parking Space Total 12
Rental Equipment Type None

Building

Bathroom Total 1
Bedrooms Total 2
Age New Building
Basement Type None
Construction Style Attachment Detached
Cooling Type Wall Unit
Exterior Finish Brick, Vinyl Siding
Fire Protection Smoke Detectors
Heating Fuel Natural Gas
Heating Type In Floor Heating
Stories Total 1
Size Interior 5760
Type Fourplex
Utility Water Drilled Well

Parking

Attached Garage

Land

Acreage No
Land Amenities Place Of Worship, Schools
Sewer Municipal Sewage System
Size Frontage 80 Ft
Size Irregular 0.327
Size Total 0.327 Ac|under 1/2 Acre
Size Total Text 0.327 Ac|under 1/2 Acre
Zoning Description R2-3

Utilities

Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/24688311/21232527-willmar-drive-formosa