57 Baldwin Street

Introducing a remarkable investment opportunity, this Multi-Family Home for sale in Tillsonburg is located at 57 Baldwin Street, Tillsonburg. This well-maintained multiplex boasts an impressive layout and a wealth of features that make it an ideal choice for both seasoned investors and first-time buyers alike. With a prime location in the heart of Tillsonburg, this property is not just a house; it is a gateway to a thriving community and a lucrative income stream.

The property at 57 Baldwin Street, Tillsonburg, is a two-storey building constructed over 100 years ago, showcasing a blend of classic charm and modern functionality. The exterior is a combination of brick and aluminium siding, providing durability and aesthetic appeal. This Multi-Family Home for sale in Tillsonburg features a total of 16 rooms, including eight spacious bedrooms and five well-appointed bathrooms. Each unit has been designed with comfort and convenience in mind, ensuring that tenants enjoy a pleasant living experience.

Investors will appreciate the four fully equipped kitchens within the property, allowing for independent living arrangements for each of the four apartments. Notably, there is no additional kitchen beyond the four, which is more than sufficient for the needs of the tenants. The front three apartments consist of two bedrooms and one bathroom each, and they have been fully renovated to meet current building codes, featuring separate electric meters for each unit. This setup not only enhances tenant satisfaction but also streamlines management for the owner.

At 57 Baldwin Street, Tillsonburg, you will find that all units have separate entrances, ensuring privacy and autonomy for each tenant. The property includes a coin-operated washer and dryer located in a common laundry room, which adds an additional convenience for residents. Each apartment is allocated one parking space, with the property boasting a private double driveway that can accommodate up to seven vehicles, making it an attractive option for potential tenants.

While the property does not include a pool or a fireplace, it offers a finished basement that can be utilised for various purposes, whether for storage or as an additional communal space. The absence of air conditioning may be a consideration for some, but the property is equipped with baseboard heating to ensure warmth during the colder months. Furthermore, the building benefits from municipal water and sewer services, providing essential utilities without the hassle of private systems.

This Multi-Family Home for sale in Tillsonburg represents a fantastic investment opportunity, particularly with its stable income from long-term tenants. The current owner has enjoyed consistent rental income, and with the potential for rent increases, the new purchaser stands to benefit significantly. The property is well below replacement cost, making it a financially sound choice for those looking to expand their portfolio or enter the rental market.

The location of 57 Baldwin Street, Tillsonburg, is another significant advantage. Nestled in a vibrant community, residents have easy access to local amenities, schools, and recreational facilities. The area of Oxford is known for its welcoming atmosphere and community spirit, making it an attractive place for families and individuals alike.

In summary, this Multi-Family Home for sale in Tillsonburg is a rare find, combining a strategic location, multiple income-generating units, and essential features that cater to the needs of modern tenants. With eight bedrooms, four kitchens, and a finished basement, this property at 57 Baldwin Street, Tillsonburg, is poised to deliver both immediate and long-term returns on investment. Don’t miss out on the opportunity to own a piece of this thriving community and secure your financial future today.

Tillsonburg, located in the heart of southwestern Ontario, is a charming town that beautifully balances the tranquility of rural life with the conveniences of modern living. Surrounded by picturesque landscapes and lush farmlands, it boasts a rich agricultural heritage, particularly known for its tobacco production. The town offers a range of amenities, including local shops, parks, and recreational facilities, making it an ideal place for families and individuals alike. With a strong sense of community spirit and a welcoming atmosphere, Tillsonburg provides a peaceful yet vibrant environment, perfect for those seeking a slower pace of life while still enjoying access to essential services and a friendly neighbourhood feel.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest school is Annandale Public School, just 0.9 km away, offering elementary education from Junior Kindergarten to Grade 8 under the Thames Valley District School Board, although it has a modest school rating of 2.7. For secondary education, Glendale High School is situated 1.5 km from the property, providing grades 9 to 12 and boasting a higher school rating of 4.2, indicating a strong academic environment. Additionally, Monsignor J. H. O'Neil Catholic School, located 2.4 km away, offers Catholic education for grades 5 to 8, although it currently has no rating available. All schools provide instruction in English, ensuring a consistent language of study for students. The proximity to these schools enhances the appeal of the property, offering accessible educational options for children of various ages. Overall, the area is well-served by public and Catholic educational facilities, catering to diverse educational needs and preferences.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, mature community with a population of 2,110 residents and an average household size of 2.2. The average age of residents is 52.3 years, indicating a predominantly older demographic. The area boasts a relatively high average household income of $101,600, with only 4.8% of the population classified as low-income. Housing prices reflect this affluence, with an average property price of $595,000. Approximately 26.93% of residents are single, while 23.33% live in households with children, suggesting a mix of family and single-person households. The community is also diverse, with 18.54% of residents being immigrants. A small percentage, 6.88%, are renters, and condos make up 5.29% of the housing market. Educational attainment is notable, with over half (50.92%) of the population holding a college or university degree. However, it is important to note that a significant portion, 54.09%, is not in the labor force, which may reflect retirement or other lifestyle choices. Overall, this area combines a stable, educated population with a strong economic foundation.