181 185 King Street

Introducing a remarkable opportunity for investors: a Multi-Family Home for sale in North Middlesex , located at 181 185 King Street, North Middlesex. This impressive property boasts a prime location in Parkhill, an area renowned for its high traffic exposure, making it an ideal investment for those looking to capitalise on both residential and commercial opportunities.

This multiplex building, styled over two storeys, offers an exceptional layout with a total of 20 rooms, comprising three spacious residential apartments and a commercial storefront. With eight bedrooms and five bathrooms, this Multi-Family Home for sale in North Middlesex is designed to accommodate a variety of living arrangements, making it perfect for families or groups of tenants. Each residential unit is well-appointed, providing ample space and comfort for its occupants.

The commercial storefront, approximately 1,800 square feet, is currently vacant, presenting a fantastic opportunity for entrepreneurs. This space is ideally suited for someone looking to establish a new business or relocate an existing one, with the added benefit of living in one of the residential units. The potential for synergy between the commercial and residential aspects of this property is significant, making it a prime investment in the heart of Parkhill.

Located at 181 185 King Street, North Middlesex, this property features four kitchens, ensuring that each residential apartment is equipped for convenience and functionality. While there is no additional kitchen or family room, the existing facilities are more than sufficient for the needs of the tenants. The property is unfurnished, allowing new owners to personalise the spaces to their liking.

The building is constructed from durable brick, providing both aesthetic appeal and structural integrity. Central air conditioning ensures a comfortable environment throughout the year, while the forced air heating system keeps the property warm during the colder months. The sewer system is municipal, and water is also provided by municipal services, ensuring reliability for all tenants.

Parking is not an issue with this Multi-Family Home for sale in North Middlesex, as it offers space for up to six vehicles. Although there is no garage or driveway, the ample parking space allows for easy access for both residents and customers visiting the commercial unit. The lot measures an impressive 56 feet by 1 foot, providing a substantial footprint for the building and its amenities.

While the basement remains unfinished, it offers potential for future development or storage solutions. However, there are no additional land parcels included with the property, keeping the focus on the existing structures and their capabilities. The absence of a pool and fireplace may be seen as limitations, but they also present an opportunity for future enhancements, should the new owner wish to invest in further improvements.

Internet connectivity is available, ensuring that tenants can stay connected for both personal and professional needs. The lack of a central vacuum system is noted, but this is a minor consideration given the overall appeal of the property.

In summary, this Multi-Family Home for sale in North Middlesex at 181 185 King Street, North Middlesex, represents a unique investment opportunity in a sought-after area. With its combination of residential and commercial spaces, this property is well-suited for those looking to maximise their investment potential. The long-term tenants currently occupying the residential units pay their utilities, excluding water, which adds to the financial viability of the property.

Parkhill, nestled within the charming city of North Middlesex, offers a delightful blend of suburban tranquillity and convenient access to urban amenities. This picturesque area is characterised by its tree-lined streets, well-maintained parks, and a strong sense of local identity. Residents enjoy a variety of recreational facilities, including playgrounds and walking trails, making it an ideal spot for families and outdoor enthusiasts alike. With its close-knit feel and proximity to shops, schools, and public transport links, Parkhill presents an inviting environment for those seeking a peaceful yet connected lifestyle in North Middlesex.

Schools in the Neighbourhood

This property is conveniently located near two highly-rated educational institutions, making it an ideal choice for families. Just 0.6 km away, Parkhill-West Williams Public School offers a nurturing environment for elementary students from Junior Kindergarten to Grade 8. As part of the Thames Valley District School Board, this public school boasts a commendable rating of 4.2, ensuring a quality education in English. For secondary education, North Middlesex District High School is situated only 1.0 km from the property. Also under the Thames Valley District School Board, this public high school serves grades 9 to 12 and has an impressive school rating of 4.7, reflecting its commitment to academic excellence. The close proximity of these schools not only provides convenience for daily commutes but also enhances the overall appeal of the neighborhood, making it a desirable location for families seeking quality education for their children. With both schools fostering a strong community spirit and offering a variety of programs, potential buyers can feel confident in the educational opportunities available in this area.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 475 residents, with an average household size of 2.4. The community has a median age of 38.9 years, indicating a relatively mature population. The average household income stands at $73,000, with 13.2% of residents classified as low-income. The real estate market shows an average property price of $390,000, reflecting the area's economic landscape. Approximately 45.33% of the population is single, while 38.46% of households include children, highlighting a mix of family structures. The area is home to 10% immigrants, contributing to its diversity. Renters comprise 30.95% of the population, indicating a significant portion of residents who do not own their homes. Notably, there are no condominiums in the area, suggesting a different housing preference. Education levels are relatively high, with 40.74% of residents holding a college or university degree. However, a considerable 35.8% of the population is not in the labor force, which may impact local economic activity. Overall, this demographic snapshot presents a community that is diverse, educated, and has a mix of family and single households.