87 NORTHUMBERLAND Street , Ayr

13 Bed / 8 Bath / $1,400,000 / MLS® Listing #:40139402

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MULTI-RESIDENTIAL PROPERTIES ARE FAR AND FEW IN THIS GROWING TOWN! Welcome to 87 Northumberland Street -- an eight unit property featuring three one-bedroom units and five two-bedroom units. The first multi-residential property in Ayr to list on the MLS in over FIVE years, and the first one of this size and use to ever hit the Ayr market. This town has seen exponential growth in the previous years with multiple developments created and proposed. Z.6 zoning allows for a variety of uses including retail and wholesale commercial establishments, office, financial institution, clinic or laboratory, hotel, restaurant, repair shop, and more. LEASES ARE IN DEMAND IN AYR and these units could foresee rent increases between 20-35% during tenant turnover. Eight minutes from HWY-401, 12 minutes from Kitchener, 12 minutes from Cambridge, and right on the cusp of the Waterloo Region and Brant County. Eight parking spaces, siding on north wall facing Hall Street (2020), newer asphalt shingles (2017/2018) plus a steel roof, furnace (2020). (id:10452)

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Property Details

Property Type Multi-family
Square Feet 5916.0000
Maintenance N/A
Days On Our Website 75
Basement Partially finished - Partial (Partially finished)
Kitchens
Lot Dimensions under 1/2 acre
Pool N/A
Area Ayr
Air Conditioning Central air conditioning
Heating Natural gas - Baseboard heaters, Forced air
Exterior Brick, Vinyl siding
Sewers Municipal sewage system
Water Municipal water

Listing Office: RE/MAX TWIN CITY REALTY INC., BROKERAGE



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