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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Aylmer
MLS Listing ID X13504818
Annual Tax Amount $111,384
Tax Year 2026
Property Sub-Type Investment
Property Description
TURNKEY INVESTMENT OPPORTUNITY! Recently Completed purpose built rental 44-UNIT CONDO DEVELOPMENT Rarely does an asset of this scale and caliber hit the market. Just completed this past spring, this pristine, master-planned multi-family purpose built rental development offers an incredible opportunity for investors seeking strong cash flow with zero construction risks. The property features a highly versatile, tenant-focused product mix designed to maximize ROI, consisting of 24 traditional townhouses alongside 20 innovative multi-level units featuring distinct upper and lower layouts. The 24 premium townhouses feature a highly desirable 3-bedroom, 2.5-bathroom floor plan complete with private attached garages, commanding $2,395 per month. The 10 upper-level units offer an expansive 2-bedroom plus den, 2-bathroom layout, which also includes private attached garages, renting for $2,095 per month. The 10 lower-level units are beautifully optimized 2-bedroom, 1-bathroom layouts renting at an attractive entry point of $1,695 per month.To ensure maximum profitability and minimal landlord overhead, all tenants pay 100% of their own utilities. Every single one of the 44 units comes fully equipped with a brand-new, modern appliance package, including a refrigerator, stove, dishwasher, over-the-range microwave, and a convenient in-suite washer and dryer. With 34 out of the 44 total units featuring coveted private garage parking, this complex commands top-tier market rents and attracts exceptionally qualified, long-term tenants. Skip the builder delays and material shortages-this asset is brand new and ready to perform. Financial statements, a current rent roll, and site plans are available with a signed NDA. Don't miss out on adding this crown jewel to your portfolio.
Location
Province ON
County Elgin
Area Elgin
Zoning R
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 75.0
Lot Depth 437.0
Others
ParcelsYN No
Listed by Royal Lepage R.E. Wood Realty Brokerage
We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.