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285 Highway 3 7 Unit Apartment Building $1,685,000 CAD ($240,714 CAD/Unit) 5.99% Cap Rate Tillsonburg, ON N4G 4G7
Investment Highlights
- Multiple future-use possibilities
- Investment or flexible owner use
- Income growth potential
- On-site parking
Executive Summary
Beautifully maintained 7-unit multifamily property offering strong income and long-term investment stability. The building features a desirable unit mix of 1 three-bedroom, 1 two-bedroom, 2 one-bedroom, and 3 bachelor apartments, each thoughtfully updated between tenancies. One unit is currently vacant, providing an immediate opportunity to set new market rent or for flexible owner use. Ample on-site parking and a 2,200 sq.ft. insulated and heated detached garage/shop with plumbing add to the versatility of the property. The shop is currently owner-occupied but could be leased for hobby use, storage, or small business purposes (estimated at ~$2,500/month).The property sits on a 1.09-acre CH-zoned corner lot with dual road access, allowing for multiple future-use possibilities and income growth potential. Conveniently located along Highway 3 between Tillsonburg and Delhi, this is an excellent investment for those seeking a clean, well-managed asset with reliable tenants and upside potential.
Property Facts
| Price | $1,685,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $240,714 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.06 AC |
| Cap Rate | 5.99% | Building Size | 10,000 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2020 |
| Property Subtype | Apartment | ||
| Zoning | CH - Combined Multi Residential and Commercial uses. | ||
| Price | $1,685,000 CAD |
| Price Per Unit | $240,714 CAD |
| Sale Type | Investment |
| Cap Rate | 5.99% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.06 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2020 |
| Zoning | CH - Combined Multi Residential and Commercial uses. |
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Oven
- Carpet
- Yard
- Deck
- Dining Room
- Freezer
- Patio
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Contacts
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Cole Shelly
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285 Highway 3
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