Unlock the potential of this legal 4-plex, offering over 3,500 sq. ft. (MPAC) of rentable space in a high-demand location. Featuring two spacious two-bedroom units and two one-bedroom units, each self-contained, this property provides immediate income-generating potential. Tenants are vacating and the building could use some renovations, presenting a clear value-add opportunity for savvy investors willing to renovate and maximize returns. Located in historic downtown Port Hope, tenants benefit from walkable access to amenities, shops, cafes, and public transit, including VIA Rail and Highway 401ideal for attracting a broad tenant base. The property includes a rear addition overlooking a peaceful ravine, adding appeal to attract quality tenants. Whether you're expanding your portfolio or seeking a repositioning project, this property's size, location, and configuration make it a rare find. With strong rental demand in one of Ontario's most desirable small towns, this is a smart investment ready for its next chapter.
Property Type:
Freehold
Freehold Type:
Multiplex
Home Style:
2-Storey
Total Approx Floor Area:
3500-5000
Frontage:
52'2"15.9 m
Exposure:
South
Bedrooms:
6
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
4
Rooms:
14
Zoning:
R2-1
Heating type:
Radiant
Heating Fuel:
Gas
Basement:
Unfinished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0
Parking Spaces:
0
Total Parking Spaces:
0
Driveway:
None
Family Room:
N
Possession Details:
Immediate
Taxes:
$6,522.17 /
2024
Assessment:
$- /
-
Floor
Type
Size
Other
2nd
Kitchen
13'4"4.06 m × 10'4"3.15 m
Combined W/Dining
2nd
Living
15'11"4.85 m × 13'10"4.22 m
-
2nd
Br
13'2"4.01 m × 11'2"3.40 m
-
2nd
Br
11'1"3.38 m × 9'6â…›"2.90 m
-
2nd
Kitchen
11'5"3.48 m × 11'2"3.40 m
-
2nd
Living
19'4"5.87 m × 11'4"3.45 m
-
2nd
Br
11'7"3.53 m × 10'5"3.18 m
-
Main
Kitchen
10'5"3.18 m × 9'5"2.87 m
Combined W/Dining
Main
Living
21'4"6.48 m × 13'6"4.11 m
-
Main
Br
11'10"3.61 m × 11'3.35 m
-
Main
Br
11'1"3.38 m × 9'6â…›"2.90 m
-
Main
Br
14'8"4.47 m × 14'5"4.39 m
-
Floor
Ensuite
Pieces
Other
2nd
-
4
Main
-
4
2nd
-
3
Main
-
3
Park, Place Of Worship, Public Transit, School Bus Route, Wooded/Treed
Port Hope
With renovations of kitchens, bathrooms and flooring this building has significant potential for high rents and low expenses, an investment with this type of opportunity is a rare find. There is rough-in for laundry in the utility room.
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