48 Cedar Street

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Aylmer ! Nestled at 48 Cedar Street, Aylmer, this property is making its debut on the market and is perfect for those keen to either start or expand their investment portfolio. With its purpose-built design, this multiplex boasts four well-appointed units, each featuring two bedrooms and one bathroom.

The building itself is a raised bungalow, constructed with a sturdy brick exterior that not only adds to its aesthetic appeal but also ensures low maintenance. This is a significant advantage for any investor, as it allows for a hassle-free ownership experience. The property is fully rented, providing a steady income stream that is estimated to be around £41,972 per year by 2025. This makes it an attractive proposition for anyone interested in a Multi-Family Home for sale in Aylmer.

Located at 48 Cedar Street, Aylmer, this property is situated on a quiet street, perfect for families or professionals looking for a peaceful environment. Despite its tranquil setting, you’ll find that it’s just a stone’s throw away from the hustle and bustle of downtown Aylmer. You can easily stroll to local parks, walking trails, and even pop into the market or grab a coffee at Tim Hortons. It’s the ideal spot for tenants who appreciate convenience and accessibility, making this Multi-Family Home for sale in Aylmer even more appealing.

The building comprises a total of eight rooms, which includes two kitchens—an excellent feature for a multi-unit property. Each unit is designed to provide comfort and functionality, catering to the needs of its residents. While there is no family room, fireplace, or central vacuum system, the essentials are all covered. The property is unfurnished, allowing new owners the flexibility to furnish the units as they see fit.

In terms of utilities, the property is equipped with municipal water and sewers, ensuring that all basic needs are met. For heating, the building uses a baseboard heating system, and while there are window units for air conditioning, there is no central air conditioning system in place. This is something to consider, but the units are well-ventilated and designed for comfort.

Parking is another strong point of this Multi-Family Home for sale in Aylmer. With space for up to six vehicles, tenants will have no trouble finding parking, which is often a concern in multi-unit dwellings. The lot measures an impressive 82 by 135 feet, providing ample outdoor space, although there is no pool or additional land included with the property.

The financials of this investment are also worth noting. The property tax is estimated at £5,567, while insurance costs are around £2,694. Common area utilities are estimated to be £1,325, with lawn and snow maintenance costs at approximately £1,593. Additionally, common area cleaning is estimated at £1,218. These figures contribute to a clear understanding of the ongoing expenses associated with this Multi-Family Home for sale in Aylmer.

In summary, 48 Cedar Street, Aylmer, is a remarkable opportunity for anyone looking to invest in a low-maintenance, fully rented multiplex. With its prime location, solid income potential, and essential features, this Multi-Family Home for sale in Aylmer is not to be missed. Whether you’re a seasoned investor or just starting out, this property offers everything you need to make a smart investment decision. Don’t let this chance pass you by—consider making this Multi-Family Home for sale in Aylmer your next big move!

Aylmer, nestled within the city of Aylmer, is a charming and picturesque locale that offers a delightful blend of rural tranquility and urban convenience. Surrounded by lush landscapes and scenic views, this area is characterised by its friendly atmosphere and strong sense of belonging. Residents can enjoy a variety of local amenities, including quaint shops, parks, and recreational facilities, all while being just a stone's throw away from the vibrant city centre. With its rich history and a welcoming spirit, Aylmer is an ideal place for those seeking a peaceful yet connected lifestyle, making it a perfect choice for potential new residents.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance of just 0.8 km, you'll find McGregor Public School and East Elgin Secondary School, both part of the Thames Valley District School Board. McGregor caters to younger students from Junior Kindergarten to Grade 3, while East Elgin serves high school students from Grades 9 to 12 and boasts an impressive school rating of 4.8. Additionally, Davenport Public School, also under the Thames Valley District School Board, is situated 1.2 km away, providing education for Grades 4 to 8. For families seeking a Catholic education, Assumption Catholic School is just 0.8 km from the property, offering classes from Junior Kindergarten to Grade 8. All schools offer English language instruction and are easily accessible, ensuring a supportive educational environment for your children. With a mix of public and Catholic options nearby, this location is ideal for families prioritizing education.