757 FOURTH AVENUE, Tay (Port McNicoll)
$849,000
For sale: Multiplex
- Property type
- Fourplex
- Bedrooms / bathrooms
- 7 bedrooms, 4 bathrooms
- Living area
- 2,500 sqft
- MLS®
- MLS® S13821326
- Neighbourhood
- Port McNicoll
INVESTMENT OPPORTUNITY! Fully tenanted four-plex offering and excellent opportunity for investors seeking a turnkey income producing property. The property features four- self contained residential units, including Unit 1- 2 Bed, Unit 2- 1 Bed, Unit 3- 2 Bed, Unit 4- 2 bed, providing a desirable mix of long-term rental demand. Current gross rental income $78,000 annually from the 4 units, laundry and storage. Current operating expenses are approximately $17,126 annually, resulting in a Net of $60,873. Well suited for experienced investors and those looking to add a multi-residential property to their portfolio. With all 4 units occupied, the property offers immediate rental income and an established tenant base. Property is fully tenanted. Showings of the interior are available following an acceptable offer, with appropriate notice to tenants. Please do not disturb the tenants. Bonus: Mixed use zoning allowing for residential or commercial.
Sold data
Homes in Port Mcnicoll — recent sold market
Homes in Port Mcnicoll took a median of 24 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 45, across 40 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 66 days.
The median sale price was $499,450.
Homes sold for about 2.8% below asking on average, so there was room to negotiate.
About 18% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
- Median days to sell
- 24
- Median sale price
- $499,450
- Sale-to-list ratio
- 97.2%
- Sold above asking
- 18%
Based on 40 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.
Currently for sale
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