$349,000
For sale: Multiplex

Investment Opportunity in the developing community of Mount Elgin! Income now, options later. An established DUPLEX on an approx. 91' x 131' lot with long-term tenancy and rental income already in place. Tenants pay gas & hydro. 2 owned furnaces and separate hydro meters. Shingles approx. 8+/- years. Located minutes to Ingersoll, Tillsonburg and Hwy 401. An opportunity to add an income-producing property to your portfolio today, with flexibility for the future.
Sold data
Homes in South-West Oxford (Mount Elgin) took a median of 36 days to sell over the last 365 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 78, across 56 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 44 days.
The median sale price was $631,950.
Homes sold for about 2.4% below asking on average, so there was room to negotiate.
About 20% of sales closed above the list price.
Around 38% of sellers reduced their price before finding a buyer.
Based on 56 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
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