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8-10 Bay Street Woodstock, Ontario N4S 3K5

6 Bedroom 6 Bathroom 2500 - 3000 sqft
Heat Pump

$1,635,000

Attention Investors & Portfolio Builders! This exceptional 6-unit multi-residential property has been fully stripped down and masterfully refurbished by a local professional builder and tradespeople, offering the ultimate peace of mind and true pride of ownership. Operating at an almost-new construction standard, this turnkey powerhouse is fully occupied and structured for maximum profitability. Unbeatable mechanicals and efficiency. Each of the 6 self-contained, 1 bedroom apartments features its own independent, high-efficiency heat pump system; tenants pay for their own heating, cooling and electricity, leaving only water for the landlord. A full structural overhaul included professional updates to all major systems, including plumbing, heating and electrical systems. Worry-free exterior: this property has been outfitted with new windows and a new roof in 2022/2023, minimizing capital expenditure for years to come. Premium suite finishes: every apartment boasts a bright, modern layout outfitted with all-new (in 2023) premium stainless steel kitchen appliances; each suite has washer/dryer (purchased from a local appliance company and fully owned by the seller) and new doors installed this year as well. There is a location advantage, perfectly situated in the core of Woodstock with a great walk score and immediate pedestrian-friendly access to local shopping, transit routes, schools, churches, restaurants, and essential amenities ensuring low vacancy rates. Also located in an optimization zone yielding incredibly low property taxes, aggressively boosting your net operating income (NOI). Expenses for the last 12 month period and Rental Income included in attachments. Additional parking one block away. A rare chance to own a multi-residential unit of quality. More information available. (id:61499)

Property Details

MLS® Number X14080610
Property Type Multi-family
Community Name Woodstock - South
AmenitiesNearBy Place Of Worship, Public Transit, Schools
EquipmentType None
Features Carpet Free
ParkingSpaceTotal 3
RentalEquipmentType None

Building

BathroomTotal 6
BedroomsAboveGround 4
BedroomsBelowGround 2
BedroomsTotal 6
Appliances Dishwasher, Dryer, Stove, Water Heater, Washer, Refrigerator
BasementFeatures Apartment In Basement
BasementType N/a
ExteriorFinish Vinyl Siding
FoundationType Poured Concrete
HeatingFuel Electric
HeatingType Heat Pump
StoriesTotal 2
SizeInterior 2500 - 3000 Sqft
Type Other
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
LandAmenities Place Of Worship, Public Transit, Schools
Sewer Sanitary Sewer
SizeDepth 74 Ft ,7 In
SizeFrontage 51 Ft ,1 In
SizeIrregular 51.1 X 74.6 Ft
SizeTotalText 51.1 X 74.6 Ft

Utilities

Cable Installed
Electricity Installed
Sewer Installed

https://www.realtor.ca/real-estate/30404323/8-10-bay-street-woodstock-woodstock-south-woodstock-south

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Fran Wicklum
Broker


Century 21 Heritage House Ltd Brokerage
865 Dundas Street
Woodstock, Ontario N4S 1G8

Billy Eden
Salesperson


Century 21 Heritage House Ltd Brokerage
865 Dundas Street
Woodstock, Ontario N4S 1G8

Jean Twynstra
Salesperson


Century 21 Heritage House Ltd Brokerage
865 Dundas Street
Woodstock, Ontario N4S 1G8

Sarah Eden
Salesperson


Century 21 Heritage House Ltd Brokerage
865 Dundas Street
Woodstock, Ontario N4S 1G8

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