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Multi-4 UnitMLS® 40845007

30 Foell Street, Baden ON N3A 2L2

Baden/Phillipsburg/St. Agatha, Baden, N3A 2L2

$898,000

6Bedrooms
4Bathrooms
2,660Sq ft
8Parking
1890Year built
2Storeys
Multi-4 UnitType
36Days on market

The home

About this property

A rare chance to own a fully tenanted, income-producing fourplex backing onto open farmland. Two 2-bedroom units and two 1-bedroom units, every one occupied and generating revenue from day one. Pride of ownership shows throughout this property, and the heavy lifting is done. Unit 1 was completely refreshed this year with a new kitchen, new bathroom, luxury vinyl plank flooring, new doors, fresh paint, and new appliances. The remaining three units have all been renovated in recent years, including updated kitchen cabinetry, countertops, and modern laminate and vinyl flooring. The big-ticket items are covered too: a durable metal roof, updated windows throughout the main levels, a gas water heater installed in 2020, and a parking lot freshly paved in 2022 with two spaces per unit for a total of eight spots. Smart mechanics make this an easy hold. Each unit runs on its own breaker panel, and tenants pay their own hydro while the landlord covers water and gas. Coin-operated laundry in the shared basement adds a bonus income stream. House-hackers, take note: live in one unit and let the other three carry the mortgage. Set on a sought-after dead end street along a Grand River Transit route, with quick access to the city and farmland views out back. Immediate possession with tenants in place. Opportunities like this rarely surface.

Specifications

Property details

Property type

Residential Income

Lot

93.68 x 126.51 ft

Taxes

$3,894 (annual)

Heating

Forced Air, Natural Gas

Cooling

None

Basement

Separate Entrance, Full, Unfinished, Sump Pump

Parking

8 total

Days on market

36

What's included

Features and amenities

Interior

Separate Heating ControlsSeparate Hydro Meters

Lot

Ample ParkingCul-De-SacGreenbeltPlace of WorshipPlayground NearbyQuiet AreaRec./Community CentreSchoolsTrails

Appliances

RefrigeratorStove

Where it sits

Location

Pin placed at the coordinates supplied by the MLS® System.

Listed by Adnan Khan, SHAW REALTY GROUP INC. (the Cornerstone Association of REALTORS®).

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Presented by Rebecca Dorey, Sales Representative, RE/MAX Solid Gold Realty (II) Ltd., Brokerage. Each office independently owned and operated.