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Est. payment /mo
4 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Huron-Kinloss
MLS Listing ID X13751002
Style 2-Storey
Bedrooms 4
Annual Tax Amount $1,576
Tax Year 2025
Property Sub-Type Multiplex
Property Description
10.2% CAP RATE | 3 INCOME STREAMS | FULLY TENANTED Investors, take note! An impressive 10.2% cap rate and immediate cash flow make this turnkey mixed use property a strong investment opportunity in the heart of downtown Ripley. Featuring one generous ground level retail store plus two spacious 2 bedroom apartments, this property delivers three established income streams under one roof. Fully occupied and income producing from day one, investors can step directly into an established property with no vacancy to fill. Well maintained and ideally positioned in the village core, the property offers a diversified mix of residential and commercial revenue with minimal management required. Conveniently located close to local shops, services and community amenities, this is a straightforward income property offering an attractive return. Three units. Full occupancy. 10.2% cap rate. Immediate income. Add this proven income producer to your portfolio and start generating revenue from day one.
Location
Province ON
County Bruce
Area Bruce
Zoning commercial
Rooms
Family Room No
Basement Other
Kitchen 3
Interior
Interior Features Other
Cooling None
Inclusions 2 fridges, 2 stoves, electric heat pump (in 77 commercial space only)
Exterior
Parking Features Other
Pool None
Roof Type Unknown
Lot Frontage 25.0
Lot Depth 68.0
Total Parking Spaces 5
Building
Building Age 100+
Foundation Unknown
Others
Senior Community No
Security Features None
ParcelsYN No
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Listed by Royal LePage Exchange Realty Co.
Nearby Locations
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