32 David St - Apartments FOR SALE


Spencerville, ON K0E 1X0
$1,499,900 CAD
855-605-7731
32 David St, Spencerville, ON for Sale
$1,499,900 CAD
Apartments - FOR SALE
1/19
null | 6.02% Cap Rate

32 David St
Spencerville, ON K0E 1X0


OVERVIEW

Attention investors!! Rarely offered purpose-built Fourplex in Spencerville featuring four individually titled 2-bed, 1.5-bath attached bungalows, each with private garage (inside entry), backyard patio, and full unfinished basements with legal egress windows ideal for adding a third bedroom. All units include stainless steel appliances, stackable in-unit laundry, efficient HVAC systems, and water treatment setups. Open-concept layouts with granite counters and quality finishes throughout. Fully tenanted with strong rental income of $107,952/year and a Net Operating Income of $90,240. Turnkey investment or ideal multi-generational living setup with future resale flexibility. Quiet residential setting just minutes to Highway 416.

FOR SALE DETAILS

PRICE

$1,499,900 CAD

PRICE/SF

$214 CAD /SF

# OF UNITS

4

PRICE/UNIT

$374,975

CAP RATE

6.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,319 SF

ZONING

R3-6

APN/PARCEL ID

070170104010306

ASK ABOUT THIS PROPERTY

Edmundo RoaeXp RealtyMore Info
855-605-7731

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Edmundo RoaeXp RealtyMore Info
855-605-7731

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