West Market Lofts 228 Mcconnell St 62 Unit Apartment Building $26,000,000 CAD ($419,355 CAD/Unit) 6.64% Cap Rate Exeter, ON N0M 1S3

Introducing a new property located in the heart of Southwestern Ontario, offering an ideal investment opportunity. This property consists of 64 units, including 22 one-bedroom, 36 two-bedroom, 4 three-bedroom apartments, and 2 commercial spaces. Each residential unit is equipped with a washer and dryer, the property is pet-friendly and features ample parking, making the property a desirable option for a wide range of tenants.
Situated just an 8-minute drive from Exeter Golf & Country Club and a 4-minute drive to Morrison Dam Conservation, this location is perfect for those who appreciate outdoor activities. The property is also close to essential amenities, including Exeter Public School, South Huron District High School, South Huron Hospital, Seaforth Community Hospital, MacNaughton Park Scenic Gardens, and Ironwood Golf Club. Public transportation is accessible, with Huron Shore Area Transit providing bus services that connect to Sarnia, Grand Bend, and London. The nearest bus stop is less than a 20-minute walk away. Additionally, the property is conveniently located approximately 300 meters from the nearest grocery store, 840 meters from the nearest park, and less than 1.8 kilometers from the nearest school.