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Merlin
23-27 WILLIAM STREET
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23-27 WILLIAM STREET $399,900
$399,900
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23-27 WILLIAM STREET
Merlin, Ontario N0P1W0

MLS® Number: 24026768

Listing Description

ATTENTION INVESTORS! EXCELLENT RATE OF RETURN! OVERSIZED TRIPLEX ON A L SHAPED LOT IN MERLIN. All 3 units are fully rented. Gross annual income $42,868.56. All units are very large with two- 2-bedroom units & one-1 bedroom unit. Tenants pay their own hydro & gas. Owner pays water. 2 of the units have been updated in recent years, including furnace & AC, hot water tanks, kitchen, bathrooms, insulation & drywall. Sits on a large corner L shaped lot on a 1/2 acre, with each unit having their own separate yard. On municipal water & city sewer. Ample parking for all units. Opportunities for additional income on the L shaped portion of the lot, such as storage containers. (51635666)

Location Description

From Hwy 401, take Queens Line exit. to Merlin Rd. Take Merlin Rd into Merlin, turn right onto William St. Property just on the left hand side.

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
2
Title
Freehold
Land Size
118 X IRREG.|under 1/2 acre
Annual Property Taxes
$2,702.23
Parking Type
Other (6)
Time on REALTOR.ca
51 days

Building

Interior Features
Flooring
Carpeted, Laminate
Building Features
Foundation Type
Block
Total Units
3
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air, (Natural gas)
Exterior Features
Exterior Finish
Aluminum/Vinyl
Parking
Parking Type
Other (6)

Land

Other Property Information
Zoning Description
RL1-215
Data provided by: Chatham Kent Association of REALTORS® P.O. Box 362 Stn. Main, Chatham, Ontario N7M 5K6
519-365-7462
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ROYAL LEPAGE PEIFER REALTY (DRESDEN)
29575 St. George St.
Dresden, Ontario N0P1M0
519-365-7462

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