131-133 Cherry Street, Ingersoll, ON
Property no longer active
This property was sold on July 3, 2024. This listing is for reference purposes only. to view the sold price.
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
- Efficient forced air heating via gas
Description
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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Property Summary
This fourplex located at 131-133 Cherry Street, Ingersoll is currently for sale and has been available on SousaSells for 752 days. This property is listed at $624,900 with an estimated mortgage of $2,080* per month. It has 7 beds, 4 bathrooms, and is unknown square feet. 131-133 Cherry Street, Ingersoll is in the Ingersoll - South neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Golf, Hospital, Library, Park, Place Of Worship, Rec./Commun.Centre
Interior Features
Separate Heating Controls, Separate Hydro Meter
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 131-133 Cherry Street, Ingersoll, ON N5C 1H8
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 Ingersoll, ON
For a property listed at $624,900 in Ingersoll, the legal minimum down payment is $37,490 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 $8,973 for this transaction. As this listing is in Ingersoll (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,973.
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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.