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CAONSpencerville32 David St
32 David St, Home with 8 bedrooms, 4 bathrooms and 4 parking in Spencerville ON | Image 1
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$1,499,900

32 David St, Spencerville, ON

Real Estate

For Sale

$--,---,---
844
  • Key Facts
  • Description
  • Map

Key Facts

Type Investment
Levels Commercial Sale
Size -
Garage Yes
Maintenance Fees 
Taxes $10,588
Days Active 135
Approx. Age 
MLS® Number X11947971

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Discover 32 David, an exceptional Fourplex nestled in Spencerville, Ontario. Comprising four individually titled attached bungalows, these units offer 2 bedrooms, 1.5 baths, and an array of modern conveniences. Step inside to find elegant kitchens with granite countertops, ample cupboard space, and stainless steel appliances. The attached garages provide inside entry, while the backyard patios offer a retreat for residents. Each unit includes an unfinished basement with legal egress windows, presenting a prime value-add opportunity finish the space and add a third bedroom to significantly increase rental income and property value. With stackable washer/dryers and a well-designed layout, this property is built for both comfort and investment growth. Each unit is currently rented for $2, 207 plus utilities, with rent increasing to $2, 260 per month on April 1, 2025, for two units and on July 1, 2025, for the remaining two units. The annual rental income is currently $105, 936, with a Net Operating Income (NOI) of $88, 332, and will increase to $90, 876 once the rent adjustments take effect. Estimated expenses include property taxes of $10, 588, insurance of $4, 280, and sewer charges of $2, 736. Located in a peaceful neighborhood, 32 David offers easy access to local amenities and recreational facilities, making it an ideal choice for tenants seeking a tranquil yet convenient lifestyle. A rare opportunity to enhance income potential - don't miss out on this investment! Schedule your viewing today!Show Description
MLS® NumberX11947971
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatPropane Gas
A/CYes
Heating Fuel

Extras

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