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377 MAIN Street, Woodstock — listed at $1,150,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Add a multi-unit property to your portfolio with this well-located 4-plex at 377 Main. Offering four residential units, three of which are currently tenanted, this property provides immediate rental income with the opportunity to lease the remaining vacant unit. The property offers flexibility for both established and first-time investors looking to expand their holdings and maximize the income potential of a multi-residential property. Conveniently located close to shopping, public transit, schools, churches, parks and everyday amenities, the location adds to its long-term rental appeal. With existing tenants in place and an additional unit ready for occupancy, 377 Main presents an opportunity to invest in an income-producing property with further rental potential. Cap Rate is 6.8%. (id:60164)
What's the parking situation?+
This property includes 4 spaces — Open.
This home was built in 1883 — 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 makes this a luxury property?+
At $1,150,000, standout features include 4156 sq ft, 4 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,082, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Unfinished, Partial. A finished basement adds meaningful living space beyond the listed square footage.
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