801 Spence Avenue, Hawkesbury, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of 612 - Hawkesbury. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $5,900,000 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.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning < 700 sqft on a spacious lot (Feet)
- 30.0 total parking spaces available
- Notable attributes: Water Meter
- Efficient baseboard heating via electric
Description
Excellent investment opportunity in the Town of Hawkesbury! This 45-unit multiplex is ideally located close to the Hawkesbury & District General Hospital, newly built Prescott Russell Longterm Care, shopping, services, restaurants, and everyday amenities. Built in 1983 and situated on approximately 1.43 acres, the property features 45 one-bedroom units (all tenants are provided through the United Counties of Prescott and Russell- subsidized rent), with no current vacancies, municipal water and sewer, electric baseboard heating, and ample on-site parking. A rare large-scale residential income property in a convenient in-town location with strong rental demand and easy access to local services. A solid addition to any real estate portfolio.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 801 Spence Avenue, Hawkesbury, ON K6A 3G7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hawkesbury, ON
For a property listed at $5,900,000 in Hawkesbury, the legal minimum down payment is $1,180,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $133,975 for this transaction. As this listing is in Hawkesbury (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $133,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.