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87 Northumberland Street Ayr, Ontario N0B 1E0

13 Bedroom 8 Bathroom 5916
Central Air Conditioning Baseboard Heaters, Forced Air

$1,400,000

MULTI-RESIDENTIAL PROPERTIES ARE FAR AND FEW IN THIS GROWING TOWN! Welcome to 87 Northumberland Street -- an eight unit property featuring three one-bedroom units and five two-bedroom units. The first multi-residential property in Ayr to list on the MLS in over FIVE years, and the first one of this size and use to ever hit the Ayr market. This town has seen exponential growth in the previous years with multiple developments created and proposed. Z.6 zoning allows for a variety of uses including retail and wholesale commercial establishments, office, financial institution, clinic or laboratory, hotel, restaurant, repair shop, and more. LEASES ARE IN DEMAND IN AYR and these units could foresee rent increases between 20-35% during tenant turnover. Eight minutes from HWY-401, 12 minutes from Kitchener, 12 minutes from Cambridge, and right on the cusp of the Waterloo Region and Brant County. Eight parking spaces, siding on north wall facing Hall Street (2020), newer asphalt shingles (2017/2018) plus a steel roof, furnace (2020). (id:40058)

Property Details

MLS® Number 40139402
Property Type Multi-family
Amenities Near By Place Of Worship, Playground, Schools, Shopping
Community Features School Bus
Equipment Type Furnace, Water Heater
Rental Equipment Type Furnace, Water Heater

Building

Bathroom Total 8
Bedrooms Total 13
Appliances Water Meter
Basement Development Partially Finished
Basement Type Partial (partially Finished)
Constructed Date 1895
Cooling Type Central Air Conditioning
Exterior Finish Brick, Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Size Interior 5916
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Place Of Worship, Playground, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 121 Ft
Size Frontage 90 Ft
Size Total Text Under 1/2 Acre
Zoning Description Z6

Utilities

Cable Available
Electricity Available

https://www.realtor.ca/real-estate/23421044/87-northumberland-street-ayr

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