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$ 594,900
Est. payment /mo
New
550-552 Mario ST Hawkesbury, ON K6A 3V3
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 612 - Hawkesbury
MLS Listing ID X13547724
Style Bungalow-Raised
Bedrooms 8
Annual Tax Amount $6,523
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Excellent investment opportunity! This legal fourplex, built in 2001, offers strong, reliable income with a current gross annual rental income of $45,636. The property features four self-contained units and is fully tenanted, making it an ideal turnkey addition to any investment portfolio. Tenants pay their own gas and hydro, helping to keep operating costs low. The roof was replaced in June 2022, providing added peace of mind for years to come. Situated in a desirable location, this well-maintained income property offers stable cash flow today with additional upside, as all rents are eligible for a legal increase as early as November 1, 2026. There may also be potential to divide the building into two duplexes (similar to neighbouring properties), with buyers encouraged to verify this possibility with the municipality. Whether you're looking to expand your investment portfolio or purchase your first multi-unit property, this legal fourplex presents an outstanding opportunity. 24 hours' notice is required for all showings.
Location
Province ON
County Prescott And Russell
Area Prescott And Russell
Rooms
Family Room No
Basement Full, Separate Entrance, Finished
Kitchen 4
Separate Den/Office 4
Interior
Interior Features None
Cooling None
Fireplace Yes
Heat Source Electric
Exterior
Garage Spaces 4.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 79.65
Lot Depth 83.74
Total Parking Spaces 4
Building
Foundation Poured Concrete
Others
ParcelsYN No
Listed by RE/MAX ABSOLUTE REALTY INC.