Cross Property Client Full

MLS@#: 24OOO752 List Price; $5l9,9OO.OO

Status: Active Property Type Multi-Family
Major Area: Chatham-Kent District: Chatham Twsp
Trans. Type: Sale Sub-District: WA
Legal Description: PLAN 343 N PT LOT I
Address: 17 GILLARD STREET
City/Town/Munic: Wallaceburg, Ontario N8A 1M8
Side of Road: West
Nearest Cross St: MC NAUGHTON AVE
Nearest Town:
Area/Property Known As:
Property Size: 1O9 X IRR
Acreage: O.OOO Approx Sq Ft:
Zoning: R4 Occupancy: Tenant
Staft Date: 15-Jan-2O24
Possession: T.B.A
Propefty Offered Is: Building & Land
RCMaTKS: FULLY RENTED 4-PLEX IN FORMER SALVATION ARMY BUILDING IN WALLACEBURG. THIS SOLID BRICK BUILDING
wAs TRANSFORMED rN 2OlO rNTO 2-2 BEDROOM UNTTS, 1-3 BEDROOM UNrT AND l-l BEDROOM UNrT. RENTS ARE
$1076.25, 1155.58, 8L4.87,917.32 PLUS UTTLTTTES. LANDLORD pAyS WATER - (RENTS ARE POSTED ARE JAN 1,
2O24)FORCED AIR GAS HEAT WITH CENTRAL AIR UNIT #I IS DUCTLESS SYSTEM - PLEASE ALLOW 36 HOURS TO VIEW -
EXCELLENT INVESTMENT OPPORTUNITY .
Directions: GILLARD ST OFF OF MCNAUGHTON AVE
Year Built: /Unknown Approx Taxes/Year: 94503.91/2023
Multi-Family Information
Building Usage: Residential Only
# of Unit: 4 Storeys: I # of Bsmt Units
# of Rental Units: 4 # of Occup Units: 4
Interior Features
Heating/Cooling: Forced Air Heating Fuel : Electric, Natural Gas
Flooring: Cushion or Lino or Vinyl
Appliances Included:
Rental Equipment: No
HWT - Type: Gas
Exterior Features
Building Type: Fourplex
Foundation: Concrete Roof Material: Other, See Remarks
Exterior: Brick
Utility Water/Avail M unicipal Water/Connected Utility Sewer/Avail: Sanitary/Connected
Miscellaneous
Est Gross Annual Inc: Tenancy Acknowledgements Avl:
Est Annual Expslses
Heating: Insurance: Maintenance: Miscellaneous:
Prop Management: Property Taxes: Snow/Garbage: Vacancy:
Utilities: Total Annual Expenses:_
UFFI: Accessibility: SPIS: Retrofit Certificates:
Survey Available: Work Order: Mortgage:
Local Improvements:
Listing Brokerage Office: RE/MAX CHATHAM-KENT REALTY INC. BROKEMGE
All information displayed is believed to be accurate but is not guaranteed by the Chatham-Kent Association of REALTORS@ and should be
independently verified. No warranties or representations are made of any kind.
 INCOME & EXPENSE STATEMENT
17 GILLARD STREET - WALLACEBURG
4 UNIT BUILDING

INCOME

UNIT # 1 Stoto.zs (AS oF JAN/24)

UNIT # 2 Srrss.ss (AS oF JAN/24)
UNIT # 3 ss14.87 (AS OF JAN/24)
UNIT # 4 Sgtt.sz (AS oF JAN/24)

TOTAL MONTHLY INCOME s3964.02

EFFECTIVE GROSS INCOME Sql,sog.zq

EXPENSES

PROPERTY TAX s4s03.s1

INSURANCE ESTIMATED s240o.oo
WATER ESTIMATED s2400.00
MAINTENANCE 4% Stgoz.tz

TOTAL YEARLY EXPENSES Stt,z06.og

NET OPERATING INCOME Sgo,36t.6t

All information contained in this income and expense statement sheet are from sources that are believed to be re-liable. Howevet it may be
incorrect. ThisinformationshouldnotberelieduponbuyaBuyerwithoutpersonal verification. TheBrokersandAgentsassumesno
responsibility for its accuracy.
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