184 ST. GEORGE Street, West Perth, ON
Property no longer active
This property was sold on November 21, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Mitchell. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $799,999 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.
- 5 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Premium 106.66 x 77.5 ft lot size
- Features a partial basement, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available
- Notable attributes: Separate Hydro Meter
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This fourplex features three 1-bedroom units and one 2-bedroom unit, all with in-suite laundry, fridge, stove, and dishwasher for added tenant appeal. Separate gas and hydro meters ensure efficiency, with the landlord only responsible for water and common area hydro. The property includes four owned hot water tanks and ample parking space for residents. Recent capital improvements include a new roof (2019), updated siding (2020), and mostly new windows (2021), all contributing to reduced maintenance costs and increased energy efficiency. The eavestroughs were resealed in 2022. Current rents are as follows: Unit 1 is vacant (previously rented for $1500 + gas/hydro, Unit 2 rents for $1,800 plus gas/hydro, Unit 3 for $1,250 plus gas/hydro, and Unit 4 for $1,244.45 plus gas/hydro. With strong rental income and recent improvements, this 4-plex is ready to provide a consistent and lucrative return on your investment.
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Property Summary
This multiplex located at 184 ST. GEORGE Street, West Perth is currently for sale and has been available on SousaSells for 622 days. This property is listed at $799,999 with an estimated mortgage of $2,663* per month. It has 5 beds, 4 bathrooms, and is unknown square feet. 184 ST. GEORGE Street, West Perth is in the Mitchell neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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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 184 ST. GEORGE Street, West Perth, ON N0K 1N0
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 West Perth, ON
For a property listed at $799,999 in West Perth, the legal minimum down payment is $55,000 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 $12,475 for this transaction. As this listing is in West Perth (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,475.
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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.