21 Willmar Drive Formosa, ON N0G1W0
Listing Courtesy of: CREA / Realty Executives Platinum Limited (seaforth) Brokerage
$1,600,000
2
BED
1
BATH

  21 Willmar Drive Formosa, ON N0G1W0

Active

Description

Calling all Investors, here is your opportunity to own a brand new 4-plex in the quiet community of Formosa. This tastefully designed building is planned to be completed and ready for you to generate an income as of October 2022. With average rental income of $1800-2200 per month you have an opportunity to invest with a 5-7% Cap Rate. Each unit is finished with 2 Bedrooms, Open Concept Living Space,Quartz Countertops and Bright Kitchen Cabinetry, Attached Garage, Deck and beautiful finishes and will be suitable for both young and older tenants. Conveniently located 30 minutes to Lake Huron, Kincardine, 38 min to Bruce Power and an hour to Owen Sound & Waterloo. Call your Realtor today to learn more about this investment opportunity. *renderings are for visual purposes only, actual building and finishes may differ - each unit will have its own gravel driveway* (id:41440)

MLS®:
40298191
Lot Size
0.33 acres
Type
Multifamily
County
Bruce County
Bathroom Details
  • Full Bathroom: 1
Subdivision
  • South Bruce
Heating and Cooling
  • In Floor Heating
  • Wall Unit
Utility Information
  • Sewer: Municipal Sewage System
  • Fuel: Natural Gas,
Garage
  • Attached Garage
Parking
  • Total: 12
Stories
  • 1
Location
   
Calculate drive times to this property
 

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Century 21 Canada and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 8/12/22 08:05