285 Highway 3 - Apartments FOR SALE


Tillsonburg, ON N4G 4G7
$1,685,000 CAD
519-536-1640
285 Highway 3, Tillsonburg, ON for Sale
$1,685,000 CAD
Apartments - FOR SALE
1/5
null | 5.99% Cap Rate

285 Highway 3
Tillsonburg, ON N4G 4G7


HIGHLIGHTS

  • Multiple future-use possibilities
  • Income growth potential
  • Investment or flexible owner use
  • On-site parking

OVERVIEW

Beautifully maintained 7-unit multifamily property offering strong income and long-term investment stability. The building features a desirable unit mix of 1 three-bedroom, 1 two-bedroom, 2 one-bedroom, and 3 bachelor apartments, each thoughtfully updated between tenancies. One unit is currently vacant, providing an immediate opportunity to set new market rent or for flexible owner use. Ample on-site parking and a 2,200 sq.ft. insulated and heated detached garage/shop with plumbing add to the versatility of the property. The shop is currently owner-occupied but could be leased for hobby use, storage, or small business purposes (estimated at ~$2,500/month).The property sits on a 1.09-acre CH-zoned corner lot with dual road access, allowing for multiple future-use possibilities and income growth potential. Conveniently located along Highway 3 between Tillsonburg and Delhi, this is an excellent investment for those seeking a clean, well-managed asset with reliable tenants and upside potential.

FOR SALE DETAILS

PRICE

$1,685,000 CAD

PRICE/SF

$169 CAD /SF

# OF UNITS

7

PRICE/UNIT

$240,714

CAP RATE

5.99%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

CH

APN/PARCEL ID

CUSTOM-3092669

ASK ABOUT THIS PROPERTY

Nick LalliCentury 21 Heritage House LTD Brokerage- WoodstockMore Info
519-536-1640

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Nick LalliCentury 21 Heritage House LTD Brokerage- WoodstockMore Info
519-536-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.