Property Details

62 ELK Street, Aylmer, Ontario

62 ELK Street, Aylmer, Ontario (ID 248829)

$529,900 - For Sale


5 Unit money making rental property with outstanding potential for increased rents & profitability/return. 4 one bedrooms rented at $509 monthly, one two bedroom rented at $850 monthly. 6 separate meters with all apartment tenants paying all personal heat (electric baseboard) & electricity. Garage/shop rented at $400 monthly. All tenants month to month. Well maintained building with metal roofing (approximately 7 years old) on close to 100% of main building & garage (very small amount of traditional shingling on garage & small addition at rear of main building). Laundry generates an additional $960 (approximately) of income annually. Priced to sell with cap rate of 5.6% & plenty of room to raise rents/income. Hydro # in expenses is electricity (common area-6th meter) + water expense for entire building and Heat # is for gas consumed by hot water heater & hot water heat in common areas. Hot Water Heater is owned.

Property Details
  • Property Address:62 ELK Street, Aylmer, Ontario
  • Property Type:Multi Family
  • Acreage:Under 0.5 Acres
  • Sewage Type:Municipal
  • Water Type:Municipal
  • Taxes:$4,727 (2019)
  • Driveway:11
Structure Details for 62 ELK Street, Aylmer, Ontario
  • Structure Type:Residential
  • Structure Style:2 Storey
  • Building Age:Unknown
  • Heating Type:Baseboard Heaters, Hot Water-Gas
  • Exterior Type:Aluminum Siding
  • Garage Type:Detached
Amenities for 62 ELK Street, Aylmer, Ontario Other (see Remarks), Smoke Detector(s)
Request Information
Mortgage Calculator Inputs
Mortgage Calculator Results
Note: All calculations for informational purposes only, and should be verified.
Get Pre-Approved

62 ELK Street, Aylmer, Ontario

The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
Translate ยป