$1,200,000
For sale: Multiplex

Excellent Investment Opportunity! Rare Opportunity To Acquire A Well-Maintained Four-Unit Multiplex Generating A 6%+ Cap Rate With Quality Tenants In Place. This Well-Maintained Income Property Offers Numerous Upgrades, Separate Hydro Meters For Each Unit, Coin-Operated Laundry For Additional Revenue, Security Cameras And Extensive Outdoor Decking. Ideally Located In Sutton's Growing Lakeside Community, Just Minutes From Shops, Schools, Parks, Grocery Stores, Highway 404, Lake Simcoe And Area Beaches. An Excellent Addition To Any Real Estate Portfolio With Strong Income Potential In A Desirable And Growing Neighbourhood!
Sold data
Homes in Georgina (Sutton & Jackson's Point) took a median of 28 days to sell over the last 90 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 49, across 200 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.
The median sale price was $799,000.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 27% of sellers reduced their price before finding a buyer.
Based on 200 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Currently for sale

$1,249,000
Multiplex8867 MCKINNON ROAD, Angus, Essa

$1,550,000
Detached44 TIM JACOBS DRIVE, Keswick South, Georgina

$999,900
Detached12 ORLEANS AVENUE, Innis-Shore, Barrie

$990,000
Detached36 SANDRINGHAM DRIVE, Innis-Shore, Barrie

$1,039,000
Detached1077 CORRIE STREET, Alcona, Innisfil

$1,049,000
Detached113 WIDGEON STREET, Painswick South, Barrie

$999,000
Detached59 CARLEY CRESCENT, Painswick South, Barrie

$1,299,900
Detached9 HOWARD DRIVE, Rural Oro-Medonte, Oro-Medonte