4 ELORA Street N

Introducing a remarkable opportunity with this Multi-Family Home for sale in Minto , located at 4 Elora Street N, Minto. This impressive property is a multiplex building, designed over two storeys and constructed with a combination of brick and board & batten exterior. It boasts an expansive total of 30 rooms, including an impressive ten bedrooms and six bathrooms, making it an ideal investment for those seeking a stable income-generating property.

Situated in the heart of Minto, this Multi-Family Home for sale in Minto is strategically positioned at the main intersection, ensuring visibility and accessibility. The property benefits from a private driveway, providing parking space for up to six vehicles, which is a significant advantage for both tenants and visitors. Although there is no garage space available, the ample parking facilities cater to the needs of the residents and their guests.

This property features five fully rented residential units, each occupied by tenants in good standing, which guarantees immediate and consistent rental income. The current annual income exceeds £100,000, making this Multi-Family Home for sale in Minto a lucrative investment opportunity. Additionally, the property generates revenue through advertising signage on the building, further enhancing its income potential.

The commercial aspect of this property is equally impressive, with a 550 sq ft retail unit that is ready for immediate use. This space can be utilised for your own business venture or leased to a new office or retail tenant, providing yet another revenue stream. The versatility of this Multi-Family Home for sale in Minto makes it suitable for savvy investors or owner-operators looking to diversify their portfolio.

One of the standout features of this property is its basement, which offers development potential and is partially finished. This space can be transformed to meet various needs, whether for additional storage or as a shared laundry facility for tenants. The property is equipped with municipal water and sewer services, ensuring convenience and reliability for all residents.

While the home does not feature a pool or a fireplace, it does provide a family room, perfect for communal gatherings or relaxation. The property is unfurnished, allowing new owners the freedom to style the interiors according to their preferences. The heating system is classified as ‘other’, and there is no central vacuum system, but the presence of internet connectivity ensures that residents can stay connected.

The lot measures an impressive 66 by 132 feet, providing ample outdoor space for various activities. Although there is no additional land exceeding 0.50 acres, the existing space is more than sufficient for the needs of a multi-family dwelling. The absence of a den may be noted, but the layout of the rooms offers plenty of flexibility for living arrangements.

In summary, this Multi-Family Home for sale in Minto at 4 Elora Street N, Minto, represents an exceptional investment opportunity. With its proven stable income, multiple revenue streams, and recent upgrades totalling over £150,000, this property is designed for low maintenance and high-quality living. The combination of residential and commercial units, alongside the potential for further development, makes this a unique offering in the Wellington area. Whether you are an experienced investor or looking to enter the property market, this Multi-Family Home for sale in Minto is not to be missed.

Minto, located within the city of Minto, offers a charming blend of suburban tranquillity and accessibility to urban amenities. Nestled amidst lush greenery and picturesque landscapes, this community is characterised by its well-maintained parks, friendly neighbourhoods, and a strong sense of local identity. Residents can enjoy a variety of recreational activities, with easy access to walking trails and sports facilities, while being just a short drive from the bustling city centre, which boasts shops, cafes, and cultural attractions. Minto's welcoming atmosphere and vibrant community spirit make it an ideal place for families and individuals seeking a balanced lifestyle.

Schools in the Neighbourhood

The property is conveniently located near Minto-Clifford Public School, an esteemed elementary institution that caters to students from Junior Kindergarten to Grade 8. Situated just 0.6 km away at 5804 Hwy. 89 in Harriston, Minto, this school is part of the Upper Grand District School Board and offers a public education in English. With a school rating of 5.7, Minto-Clifford Public School is recognized for its commitment to providing quality education and fostering a supportive learning environment for young learners. This proximity to a reputable school makes the property an excellent choice for families with children, ensuring easy access to education and community involvement. The combination of a well-rated school and a welcoming neighborhood enhances the appeal of the property, making it a desirable location for potential buyers looking to settle in a family-friendly area.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 480 residents, with an average household size of 2.6 individuals. The community is characterized by a median age of 39.2 years and an average household income of $87,000. A relatively low percentage of the population, 7.6%, is classified as low-income. The average property price in the area is $470,000, reflecting the local real estate market. Single individuals make up 41.03% of the population, while households with children represent 44.44%, indicating a family-friendly environment. The area has a small immigrant population at 2.15%, and renters account for 25.71% of households, suggesting a mix of ownership and rental properties. Notably, there are no condominiums in the vicinity. Educational attainment is high, with 47.06% of residents holding a college or university degree. However, a significant portion of the population, 33.82%, is not in the labor force, which may reflect various socio-economic factors. Overall, this demographic snapshot indicates a diverse and relatively stable community with a balance of families and singles, alongside a strong emphasis on education.