189 CHURCH STREET, Stirling-Rawdon (Stirling Ward), Ontario, K0K3E0

Property Description

Prime Investment Opportunity or Multi-Generational Living in the heart of Stirling-Rawdon close to all downtown amenities. Meticulously maintained by the current owner, this unique property features multiple living spaces perfect for savvy investors or families seeking togetherness with privacy. Main Residence: 3-bedroom, 3-bathroom home showcasing hardwood floors throughout the main level, updated kitchen and bathrooms, and main floor laundry. Enjoy the charming front porch or unwind on the back deck complete with hot tub. The finished basement includes a potential bachelor apartment with a private tunnel entrance running beneath the driveway, into the detached garage. Garage contains a welder's station. Income-Generating Detached Garage: Two rental units sit above the detached garage-a 1-bedroom and a 2-bedroom apartment, both currently tenanted. With the entire property rented (including main residence) a calculated cap rate falls between 6.2% and 6.8%. The property reflects the pride of ownership with character, a historic feel, immaculate summer landscaping and consistent upgrades throughout. Whether you're an investor seeking a high-performing multi-unit property, a family looking to keep loved ones close while maintaining separate living spaces, or an owner-occupant wanting rental income to offset costs, this property delivers. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Bedrooms: 6 (6 above)
• Bathrooms: 5 (1 half)
• Ownership: Freehold
• Attached: No
• Parking: 6 spaces (Detached Garage, Garage)
• Frontage: 102 ft (31.2 m)

Costs

• Annual Taxes: $6,750.00

Listing Provided by: EXIT REALTY GROUP
Board: Central Lakes Association of REALTORS®
Data provided via CREA DDF®.