69 WATER STREET S, St. Marys, Ontario, N4X1A3

Property Description

A solid brick fourplex offering a reliable income stream with significant upside potential. The property includes two main-floor one-bedroom units, each featuring in-suite laundry, a bright rear sunroom, and access to a private deck. At the back of the property you'll find dedicated parking for tenants, along with a small storage shed.The upper units span the second and third storeys and each provides three bedrooms, in-suite laundry, and its own forced-air gas furnace and central air system. All four units are separately metered for water, gas, and hydro, making ongoing management straightforward.The building has been well cared for, highlighted by a durable steel roof. Two hot water heaters are owned and two are on rental agreements through Reliance. All tenants have been long-term, with room for rent growth over time.This is a strong opportunity to add a stable and well-structured multi-residential asset to your portfolio in a desirable small-town setting. (id:64974)

Quick Facts

• Property Type: Fourplex
• Bedrooms: 8 (8 above)
• Bathrooms: 4
• Attached: Yes
• Parking: 4 spaces (No Garage)
• Frontage: 50 ft (15.1 m)

Costs

• Annual Taxes: $5,573.00 (2025)

Listing Provided by: RE/MAX CENTRE CITY REALTY INC.
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.