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Property Description
Incredible investment opportunity! Over 7% cap rate! Located in the quaint town of Freelton, right across from a municipal park. Get your hands on this 1/2 property with 2 residential buildings on it. The upper building consists of four two-bedroom apartments with forced air heating and air conditioning. The lower building consists of two two-bedroom apartments and two one-bedroom apartments with forced air heating. A large garage/shop approximately 1,400 square feet can provide additional revenue or keep as personal storage for your toys. Additional income/offset with solar panel contract. Tenant parking for over ten cars. Onsite coin operated laundry. Literally an investors dream property. Nothing to do but collect the rent! Great tenants! Amazing location just 14 minutes to downtown Waterdown, 8 minutes to the 401, and 25 minutes to Cambridge. Gems like these don't come around often. RSA.
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Property Features
Separate Hydro Meter, Reserved/Assigned
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Property Details
Address
154-156 Freelton Road
Community
City
Postal Code
L8B 0Z5
Property Type
Multiplex, Multiplex
Lot Size
66' x 252'
Taxes
$5,253 (2025
Basement
Full, Partially Finished, Walk-Out
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
8
Garage Type
Attached
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Listing contracted with Re/Max Escarpment Realty Inc.
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