21,23,25,27 Willmar Drive Formosa, Ontario N0G 1W0
$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
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August 02 2022 01:01:20
Huron Perth Association of REALTORS®
Realty Executives Platinum Limited (Seaforth) Brokerage
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Krista Fisk
Broker