233 Geddes St
Elora/Salem, Centre Wellington, N0B 1S0
FOR SALE
$2,300,000
Sold
$1,910,000
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9 + 4
BEDROOMS11
BATHROOMS9 + 2
KITCHENS11
ROOMSX5705139
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-07-21 | 2022-09-11 | 53 | $2,300,000 | $1,910,000 | Sold |
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Property Description
This 3 Building, 11 Unit Property With Ample Parking Is Nestled In The Heart Of Elora And Is Mere Steps To All Of The Desirable Shops And Restaurants Located Within The Downtown Core. Building A Is A Charming Stone Structure That Includes 4X One Bedroom Units And 1X Three Bedroom Unit. This Building Is Fully Tenanted And Contains Separate Hydro Meters. Building B Is Situated At The Rear Of The Property And Includes A Coin Operated, Shared Laundry Area And Storage Units For Each Of The 11 Units. The Second Level Of Building B Consists Of 2X One Bedroom Units, With Separate Hydro Meters, Which Are Both Currently Tenanted. Building C Includes 4X One Bedroom Units With Large Living Rooms; One Of Which Is Newly Vacant. The Property Has Been Well Managed By The Owners For The Past 28 Years And Maintains Long Standing Tenants. This Fantastic Opportunity Is Nestled Minutes From The Elora Mill, The Elora Gorge, And Several Fabulous Views Of The Grand River.
Extras
Current Rental Income: $107,700.00/Year.
Property Features
River/Stream
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Property Details
Street
Community
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
5000+
Lot Size
68' x 115'
Fronting
East
Taxes
$7,382 (2021)
Basement
None
Exterior
Stone, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
9
Driveway
Private
Garage Type
None
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