254 Centre Street E

If you’re on the lookout for a fantastic investment opportunity, then you’re in for a treat with this Multi-Family Home for sale in Essa ! Nestled at 254 Centre Street E, Essa, this rarely available legal 10-plex apartment building is a real gem in the heart of the community. With a prime location on a quiet side street, you’ll find this property boasts a generous lot size of 161 X 120 feet, offering plenty of outdoor space for tenants to enjoy.

This impressive building features a well-thought-out layout with a total of 24 rooms, including eight bedrooms and six dens, making it perfect for a variety of living arrangements. The property comprises four two-bedroom apartments and six one-bedroom apartments, all designed to provide spacious and comfortable living. The units are separately metered for gas and hydro, which means that tenants are responsible for their own heating and hydro bills, along with rental gas water heaters. This arrangement not only simplifies management but also ensures that expenses are kept in check.

As you explore this Multi-Family Home for sale in Essa, you’ll notice the building style is a two-storey multiplex, constructed with durable aluminium siding. Although there’s no central air conditioning or fireplace, the heating is provided via forced air systems, ensuring that the apartments remain cosy during those chilly winter months. While there’s no swimming pool or family room, the property does feature a laundry room equipped with coin-operated washer and dryers, making it convenient for tenants to do their laundry without leaving the building.

One of the standout features of this property is the ample parking available, with space for up to 17 vehicles. This is a significant advantage for both tenants and visitors, ensuring that everyone has a place to park. The building is fully rented, and the current tenant portfolio is solid, providing excellent income and expense figures with a healthy upside for potential rents. This makes it an ideal investment for those looking to expand their property portfolio.

The location at 254 Centre Street E, Essa, is also a key selling point. Situated in the Angus community within Simcoe County, this area is known for its friendly atmosphere and accessibility to local amenities. Residents will appreciate the convenience of municipal water and sewer services, which add to the overall appeal of this Multi-Family Home for sale in Essa.

The building has been updated to comply with fire code regulations, ensuring the safety of all tenants. The original front four units were built with an addition made in 1987, which includes the rear six-unit building connected by hallways, laundry, and storage areas. This thoughtful design maximises the use of space and enhances the living experience for all residents.

If you’re interested in a solid investment opportunity, this Multi-Family Home for sale in Essa should definitely be on your radar. With its spacious apartments, excellent rental potential, and a prime location at 254 Centre Street E, Essa, it’s a property that promises both immediate returns and long-term growth. Don’t miss out on the chance to add this remarkable building to your investment portfolio.

In summary, 254 Centre Street E, Essa, is not just a property; it’s a rare opportunity to own a well-maintained legal 10-plex in a desirable location. With its spacious layout, good tenant portfolio, and solid income figures, this Multi-Family Home for sale in Essa is a must-see for any serious investor. So why wait? Get in touch today to find out more about this incredible opportunity!

Angus, located within the city of Essa, is a picturesque community that offers a delightful blend of natural beauty and modern convenience. Nestled amidst rolling hills and lush greenery, Angus boasts a charming atmosphere with its well-maintained parks and scenic trails, perfect for outdoor enthusiasts. The area features a variety of amenities, including local shops, cafes, and schools, making it an ideal place for families and individuals alike. With its strong sense of community spirit and easy access to the vibrant city life of Essa, Angus provides a tranquil yet connected living experience, ensuring that residents can enjoy both the serenity of nature and the conveniences of urban living.

Schools in the Neighbourhood

This property is conveniently located near two reputable schools, making it an excellent choice for families. Angus Morrison Elementary School, situated just 1.4 km away, offers a public education for students from Junior Kindergarten to Grade 8 under the Simcoe County District School Board. With a school rating of 5.2, it provides a solid foundation for younger learners in a supportive environment. For older students, Nottawasaga Pines Secondary School is located 2.1 km from the property, catering to grades 9 through 12. This public secondary school also operates under the Simcoe County District School Board and boasts a higher school rating of 5.8, reflecting its commitment to academic excellence and student development. Both schools offer English as the language of instruction, ensuring a consistent educational experience. The proximity of these educational institutions not only enhances the appeal of the property but also contributes to a family-friendly community atmosphere, making it an ideal location for those prioritizing quality education for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a vibrant community with a population of 1,036 residents as of 2021. The average household size is 2.8, and the average age of residents is 35.4 years, indicating a relatively young population. The average household income stands at a robust $109,200, with only 8.2% of residents classified as low-income. The real estate market reflects this affluence, with an average property price of $596,000. Approximately 41.82% of the population is single, while 45% of households include children, suggesting a family-friendly environment. Immigrants make up 12.99% of the community, contributing to its diversity. The rental market is also notable, with 27.27% of residents renting their homes, although there are no condominiums available in the area. Educational attainment is high, with 44.77% of residents holding a college or university degree. However, it is important to note that 33.14% of the population is not in the labor force, which may reflect various factors such as students, retirees, or those engaged in home responsibilities. Overall, this area presents a balanced mix of young families, educated individuals, and a diverse community.