422-430 Turnberry Street,Brussels, ON N0G1H0
Brussels, ON N0G1H0
Description
A landmark 1888 building and a rare opportunity to own a stable, cash-flowing mixed-use property in the heart of Brussels. Featuring six generously sized residential apartments and two commercial spaces, this well-established income property offers approximately $158,940 in potential gross annual income, with additional upside through furnished and hospitality-style accommodations. You could choose to live in one unit with a substantial offset to your mortgage and ownership costs through the building's rental income; possibly living for free! Numerous capital improvements have been completed, including front facade brick repointing, window caulking and new flashing (2026); updated windows in one apartment (2026); new kitchens in two apartments (2024); new eavestroughs (2024); improvements to the rear building (2024); foundation support beam and repairs (2024); basement lighting (2023); and washer/dryer installation (2023). A few apartments are furnished and could be included in the sale. A truly unique property combining historic character, diversified income, recent improvements and long-term flexibility. Continue with traditional tenants, incorporate furnished accommodations, or create a combination that works for your investment strategy-an established income-producing property with multiple opportunities to build long-term value. (id:13843)
Details
| MLS # | 40869286 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 19 |
| Listing Provided By | KEMPSTON & WERTH REALTY LTD. | NICOLE CULLING |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 8,300 |
| Basement | Y |
| Story(s) | 2 |
| Units | 6 |
| Zoning | C4 |
Interior
| Cooling | None |
|---|---|
| Heating | Electric |
| Fireplace Yes / No | No |
Parking
| Parking Features | Open |
|---|---|
| Parking Total | 4 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 3385 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Brussels |
| Postal Code | N0G1H0 |
| Community Name | Turnberry Twp |
| Listing VS Median (in Turnberry Twp) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 8,300 low | high Med: 6,224 $ / sqft: $133 low | high Med: $199 On site: 19 low | high Med: 19 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Brussels |
| Postal Code | N0G1H0 |
| Community Name | Turnberry Twp |
| Listing VS Median (in Turnberry Twp) | |
Price: $1,100,000 low | high Med: $1,100,000 sqft: 8,300 low | high Med: 6,224 $ / sqft: $133 low | high Med: $199 On site: 19 low | high Med: 19 | |