21,23,25,27 Willmar Drive Formosa, ON N0G1W0
Listing Courtesy of: ITSO / Realty Executives Platinum Limited (seaforth) Brokerage
$1,600,000
2
BED
1
BATH
5,760
SQFT

  21,23,25,27 Willmar Drive Formosa, ON N0G1W0

Active (22 Days)

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*

MLS®:
40298191
Lot Size
0.33 acres
Type
Multifamily
County
Bruce County
Bathroom Details
Interior Features
  • Hot Water Tank Owned
  • Water Heater Owned
  • Laundry: Main Level
Lot Information
  • Schools
  • Place of Worship
  • Open Spaces
  • Corner Lot
  • Urban
Property Features
  • Foundation: Slab
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Radiant Floor
  • Natural Gas
  • Wall Unit(s)
Pool Information
  • None
Exterior Features
  • Roof: Asphalt Shing
Utility Information
  • Utilities: Phone Available, Recycling Pickup, Natural Gas Connected, Fibre Optics, Electricity Connected, Cell Service
  • Sewer: Sewer (Municipal)
Garage
  • Attached Garage
Parking
  • Total: 12
  • Gravel
  • Attached Garage
Stories
  • 1
Living Area
  • 5,760 sqft
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: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 8/12/22 10:43