256 Oxford Street Ingersoll, Ontario N5C 2W1

$2,199,900

Rare Opportunity - Entire 12-Unit Registered Condominium Block for Sale! Well-maintained three-story solid brick building situated on approximately 0.717 acres, offering roughly 15,000 sq. ft. of rentable area. The property features eleven (11) two-bedroom apartments and one (1) one-bedroom apartment, each with kitchen and bathroom, along with on-site parking and mailboxes. Ideally located close to supermarkets, amenities, parks, recreational facilities, hospital, and with convenient access to Highway 401, providing strong tenant appeal and a diverse tenant mix. The building has seen several capital improvements including newer windows (approx. 15 years), updated exterior doors, and a roof replacement approximately 7 years ago. Two boilers service the property. Consisting of twelve (12) individually registered condominium units under Oxford Standard Condominium Corporation No. 100, offered together as a bulk sale. Currently ten (10) units are tenant-occupied with two (2) vacant, offering immediate income and upside potential. Condo corporation is owner-managed with minimal operations and no regular monthly condo fees collected. Majority of tenants are long-term residents. This asset presents stable in-place income with significant value-add potential for savvy investors seeking long-term growth or repositioning opportunities in a developing market. Measurements, taxes, and financial information are approximate and subject to independent confirmation. Property sold as a package Only. (id:63381)

Property Details

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Land