Property Description for 25 ELMA Street S
Presenting an exceptional investment opportunity in Thornbury—a fully occupied 4-plex apartment nestled within a charming 2312 sqft century red brick residence. This property comprises three one-bedroom apartments and one bachelor apartment, making it an ideal addition to your investment portfolio. Here's a closer look at each apartment: 1.Apartment 1: Located on the main floor, this one-bedroom unit boasts a spacious 4-piece bathroom and a walkout to a generously sized covered porch. 2.Apartment 2: Situated on the second floor, this one-bedroom apartment features a 4-piece bathroom and a walkout to a cozy small porch. 3.Apartment 3: This bachelor apartment is conveniently located on the main floor and offers a 3-piece bathroom. 4.Apartment 4: Spanning two levels, this one-bedroom unit includes a 4-piece bathroom and a walkout to a sizable second-floor deck. Key Property Features: •Roof replaced in 2016, ensuring worry-free ownership and maintenance. •One dedicated parking space for each apartment •The property is within easy walking distance to all Thornbury's shops, Georgian Bay, the Georgian Trail, and an array of amenities and activities that make this area highly sought after. This well-tenanted 4-plex provides an excellent opportunity for steady rental income and long-term appreciation in a picturesque and vibrant community. Don't miss out on the potential this investment property has to offer in the heart of Thornbury. Of further note, the property could be converted back to a single family residence. (id:38686)
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Property Details
Property Tax
: $2,112Last Updated
: Mon, December 4, 2023MLS® #
: 40483088Date Listed
: Sep 20, 2023
Home Features
Property Type
: MultiFamilySquare Footage
: 2,312 SQFTSubdivision
: Blue Mountains
Interior Features
Heating
: Forced air, Natural gasBasement
: Unfinished, Partial
Utilities
Sewer
: Municipal sewage system
Other
Exterior Features
: Brick
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