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30 FOELL Street, Baden — listed at $898,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
A rare chance to own a fully tenanted, income-producing fourplex backing onto open farmland. Two 2-bedroom units and two 1-bedroom units, every one occupied and generating revenue from day one. Pride of ownership shows throughout this property, and the heavy lifting is done. Unit 1 was completely refreshed this year with a new kitchen, new bathroom, luxury vinyl plank flooring, new doors, fresh paint, and new appliances. The remaining three units have all been renovated in recent years, including updated kitchen cabinetry, countertops, and modern laminate and vinyl flooring. The big-ticket items are covered too: a durable metal roof, updated windows throughout the main levels, a gas water heater installed in 2020, and a parking lot freshly paved in 2022 with two spaces per unit for a total of eight spots. Smart mechanics make this an easy hold. Each unit runs on its own breaker panel, and tenants pay their own hydro while the landlord covers water and gas. Coin-operated laundry in the shared basement adds a bonus income stream. House-hackers, take note: live in one unit and let the other three carry the mortgage. Set on a sought-after dead end street along a Grand River Transit route, with quick access to the city and farmland views out back. Immediate possession with tenants in place. Opportunities like this rarely surface. (id:60164)
Is 30 FOELL Street a good fit for a growing family?+
With 6 bedrooms and 4 bathrooms (2660 sq ft), there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,894.08, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
This home was built in 1890 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What's the parking situation?+
This property includes 8 spaces — Open.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 6 bedrooms and 4 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
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