131-133 Cherry Street, Ingersoll, ON

$624,900
MLS#:X8482444
7 beds
4 baths
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] fourplex located in the coveted neighborhood of Ingersoll - South. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $624,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 7 Bedrooms and 4 Bathrooms with 4 functional kitchens
  • Premium 132 x 68 ft lot size
  • Features a ["full", "unfinished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Separate Heating Controls, Separate Hydro Meter
  • equipped with ["none"] central cooling and highly efficient forced air heating via gas

It's A Money Maker! This fully leased 4-plex offers a solid investment opportunity with a 5.5% CAP rate (at current income & expenses) as well as solid tenancies. Over 3,000 square feet above grade, low maintenance and located in a quiet, established South Ingersoll neighborhood. Easy access to the 401 & walking distance to downtown, shopping and schools. TWO 1-Bedroom units upstairs: each has a ground level porch/patio and spacious ground level entries/foyers. You'll find a spacious 2-bedroom main floor apartment at the west end of the building. The 2 bedroom unit has on site parking, a fenced yard, deck and functional laundry/mud room. The main floor 3-bedroom apartment, at the east end of the building, has a rare attached double garage with inside access. This apartment is open and bright, has a dedicated laundry/mud room, it's a deck in in the good sized back yard. Consider owner occupying one unit. No rental equipment, 4 separate hydro meters, and tenants pay their own gas and hydro. Act now to secure this great investment opportunity with positive cash flow. 24-48 hours notice appreciated for showings.

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Key Features

Bedrooms
7
Bathrooms
4
Kitchens
4
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 3, 2024
Sold price information is available to members only
Listed Date6/26/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeFourplex
ConstructionAluminum Siding
Lot Size132 × 68 Feet
CountyOxford
Annual Tax$5,014.12
Legal DescriptionPT LT 10-11 BLK 45 PL 279 AS IN 459788; INGERSOLL

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["None"]

Features

Property Features

Golf, Hospital, Library, Park, Place Of Worship, Rec./Commun.Centre

Community Features

Location

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131-133 Cherry Street, Ingersoll, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 131-133 Cherry Street, Ingersoll, ON N5C 1H8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$499,920
Monthly Mortgage$2,905
Property Tax (Est.)$418
Utilities & Maint.$350
Total Monthly Cost$3,673

Strategic Fiscal Clarity

Informed buyers do not make decisions based on list price alone. This analysis ensures your transition to a superior residence is supported by absolute fiscal certainty.

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131-133 Cherry Street, Ingersoll - 7 Bed 4 Bath Home For Sale | MLS# X8482444 | ZooZaa | SousaSells Real Estate