$829,500
For sale: Multiplex

4 RESIDENTIAL UNITS + 1,694 SQ FT HEATED SHOP - A well-maintained, turn-key income property offering 3,900+ sq. ft. of residential living space plus a substantial detached shop. The 4 self-contained residential units feature clean, updated interiors with classic character, modernized kitchens and bathrooms, updated flooring and bright, functional layouts. Unit mix includes 2 x 2-bedroom units and 2 x 1-bedroom + den units. 3 units are currently rented, while 1 unit is vacant and ready for owner occupancy or a new tenancy. Tenants enjoy on-site pay-per-use laundry, private balconies/porches and ample parking. The detached 1,694 sq. ft. heated shop measures approx. 26'9" x 59'7" and features a durable metal exterior, 13' ceiling clearance, a 50 sq. ft. storage room, direct exterior entry and dedicated hydro. Potential shop income subject to zoning provisions. Low-maintenance metal roof, renovated units, replacement windows, nicely landscaped, owned hot water heaters and no rental equipment. Convenient access to downtown, Highway 401, Woodstock and London.
Sold data
Homes in Ingersoll (Ingersoll - South) took a median of 27 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 52, across 57 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 62 days.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 $530,000.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 16% of sales closed above the list price.
Around 25% of sellers reduced their price before finding a buyer.
Based on 57 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Ingersoll (Ingersoll - South) has 5 Fraser Institute–rated schools (4 elementary and 1 secondary), averaging 5.4/10.
School ratings from the Fraser Institute's Ontario school report cards.
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