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This well managed 5 plex offers an inventor a very "hands off" investment if desired. The building has a very low tenant turnover. Some have been there for 30 years since the current owner purchased the property. A bank of owned solar panels subsidizes the cost of electricity. The property is very well maintained.
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30 Year , 3.99% interest


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Welcome to this fantastic opportunity – a Multi-Family Home for sale in West Grey ! Nestled at 211 Mill Street E E, West Grey, this impressive multiplex is not just a property; it's a savvy investment for those looking to dive into the rental market. With its prime location in Grey County, this 2 1/2 storey brick building boasts a remarkable history and is ready for its next chapter.
This well-managed 5-plex is perfect for investors seeking a "hands-off" approach. The building has a remarkably low tenant turnover, with some residents having called this place home for over 30 years since the current owner took the reins. This speaks volumes about the community and the desirability of living in this area. If you’re looking for a Multi-Family Home for sale in West Grey, this property ticks all the boxes.
As you step inside, you’ll find a total of 14 rooms, including an impressive six bedrooms and a den, which can easily serve as a home office or additional living space. With four kitchens, plus an additional kitchen, this property is designed to cater to multiple families or groups, making it an ideal choice for those looking to rent out individual units. The layout is practical and spacious, ensuring that each tenant has their own space while still enjoying the benefits of communal living.
The property features five bathrooms, which is a significant advantage for a multi-family setup. This means no more morning rush hour squabbles over the shower! While there’s no central vacuum system or family room, the ample room count and layout allow for comfortable living. Unfortunately, there is no air conditioning or fireplace, but the forced air heating system keeps the space warm and cosy during the chilly months.
At 211 Mill Street E E, West Grey, you’ll also find a full basement apartment, providing even more living space or potential rental income. The building is set on a generous lot of 66 x 87 feet, with additional land of less than half an acre, giving you plenty of outdoor space to enjoy. The private double driveway accommodates up to four parking spaces, which is a real bonus in a bustling community like West Grey.
One of the standout features of this Multi-Family Home for sale in West Grey is the bank of owned solar panels that help subsidise electricity costs. This eco-friendly addition not only reduces utility bills but also appeals to environmentally conscious tenants. The property is well-maintained, ensuring that it remains an attractive option for potential renters.
Living in West Grey means you’ll be part of a vibrant community with access to all the amenities you could need. The municipal water and sewer systems are a plus, providing peace of mind for residents. While there’s no pool on the property, the surrounding area offers plenty of recreational opportunities, ensuring that you can enjoy the great outdoors.
As you consider this Multi-Family Home for sale in West Grey, keep in mind that it’s not just a building; it’s a chance to invest in a community that has proven to be stable and desirable. The history of low tenant turnover and the long-standing residents highlight the appeal of this location. Whether you’re an experienced investor or looking to dip your toes into property management for the first time, this property at 211 Mill Street E E, West Grey, is worth a closer look.
In summary, this Multi-Family Home for sale in West Grey is a rare find in today’s market. With its solid structure, multiple kitchens, and ample living space, it’s an investment that promises both stability and potential growth. Don’t miss out on the chance to own a piece of West Grey’s thriving community. Come and see for yourself what makes 211 Mill Street E E, West Grey, such a fantastic opportunity!
West Grey, located in the picturesque region of Ontario, Canada, is a charming blend of rural beauty and small-town warmth. Nestled amidst rolling hills and lush landscapes, this geographic entity boasts a rich tapestry of natural features, including rivers, forests, and farmland. The area is dotted with quaint villages, each offering a unique character and a sense of belonging. Residents enjoy a peaceful lifestyle, with ample opportunities for outdoor activities such as hiking, cycling, and fishing. The community's strong sense of heritage is reflected in its local events and festivals, fostering connections among neighbours. With its welcoming atmosphere and stunning surroundings, West Grey is an ideal place for those seeking a tranquil yet vibrant environment to call home.
The property is conveniently located near St. Peter & St. Paul’s School, a Catholic institution governed by the Bruce-Grey Catholic District School Board. Situated just 1.1 kilometers away, this school offers a nurturing environment for students from Junior Kindergarten to Grade 8, making it an ideal choice for families with young children. The school provides education in English, ensuring that children receive instruction in a language widely spoken in the community. While the school rating is currently noted as 0, it is important for potential buyers to consider visiting the school and engaging with the community to gather firsthand insights. The proximity to this educational facility enhances the appeal of the property, as it allows for easy access to quality education for your children. Overall, the availability of a nearby school adds significant value to the property, making it a suitable option for families seeking a supportive educational environment within a close-knit community.
This property features 5 bathroom(s) and 6 bedroom(s).
This Multiplex property includes 1 additional bedrooms.
The total square footage of this Multiplex 6 bed property in West Grey is 3000 - 3500.
211 Mill Street E boasts 4 convenient parking spaces.
This property does not feature a garage.
Information about the garage type is not provided.
Yes, this property has a basement.
This property features Apartment, Full basement.
It is not specified whether this property has a swimming pool.
There is no fireplace in this property.
This property includes 4 kitchen(s).
Information about the maintenance fee is not available.
Information about whether this property is furnished is not available.
The heating system in place is a Forced Air.
This property include following utilities : Gas, Electricity.
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