Property Details

24124 WINTER LINE Road, Paincourt, Ontario, N0P1Z0

24124 WINTER LINE Road, Paincourt, Ontario, N0P1Z0 (ID 40338957)
Representative
Pat Kritz

Coldwell Banker Peter Benninger Realty - Kitchener
Cell: 519-901-2061
Tel: 519-742-5800

$595,000 - For sale

ID#:40338957

Great income producing property with more income potential and recent significant upgrades. Since 2020, the brickwork has been extensively repointed and the roof has been replaced as well as a new larger parking lot, new C02 and smoke alarms, fire extinguishers, and deadbolts and passage sets on entry doors. Unit #4 has been renovated and the other three units are clean and in good shape. Water heaters and furnace are owned; there is no rental equipment. In addition the unused garage unit has a few potential income-producing possibilities with 423 sq ft of interior space with new concrete floor and pine walls as well as electrical outlets and lights already installed. The four units are rented and even without the potential garage unit or adding laundry in the basement, the building already sustains an impressive capitalization rate of 4.77 at the asking price. This property should go quickly. Be sure to book your appointment to see it soon. (id:2471)

Location DescriptionWinter Line Road to Pain Court to property at intersection of Creek Line. Large gravel parking lot behind building with driveway off Winter Line Road.

Property Details
  • Property Address:24124 WINTER LINE Road, Paincourt, Ontario, N0P1Z0
  • Property Type:Multi-family
  • Title:Freehold
  • Lot Size:0.302
  • Acreage:0.302 ac|under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Road access
  • Driveway:Detached Garage
  • Parking Space Total:8
Structure Details for 24124 WINTER LINE Road, Paincourt, Ontario, N0P1Z0
  • Structure Style:Fourplex
  • Building Age:1910
  • Bedrooms:5
  • Bathrooms:4
  • Floor Space:2194
  • Heating Type:Natural gas, Forced air
  • Style:Detached
  • Storeys:2
  • Basement Type:Partial (Unfinished)
  • Foundation Type:Stone
  • Cooling Type:None
  • Rental Equipment:None
  • Exterior Type:Brick, Stone
Amenities for 24124 WINTER LINE Road, Paincourt, Ontario, N0P1Z0 Southern exposure, Corner Site, Crushed stone driveway, Country residential
Representative
Pat Kritz
REALTOR®
Coldwell Banker Peter Benninger Realty - Kitchener
Cell: 519-901-2061
Tel: 519-742-5800
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24124 WINTER LINE Road, Paincourt, Ontario, N0P1Z0

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