158 King St

Norfolk, Delhi

MLS®: X5540935

14025.00 sqft


1 month ago

Viewed 1 times

For Sale


Attention Investors. Very Well Maintained 18 Unit Purpose Built Turnkey Investment Property. Eighteen 1 Bedroom Units, 100% Leased By Excellent Carefully Vetted Tenants (None In Default), Current Owners Have Waiting List For New Tenants Wanting To Move In. Great Income Upside For Future Rental Income When The Current Below Market Tenants Rents Are Replaced With New Tenants. All Eighteen Units Are In Good Shape And Well Cared For, Five With Recent Upgrades.


Roof Completed 5 Years Ago. Fire Inspections Completed Yearly On Property. Great Desired Location In The Heart Of Delhi, Ontario. Building Has Been Professionally Managed By Current Owners And Requires Very Little Maintenance And Attention.

Key Facts

  • Taxes: $18526.5
  • MLS#: X5540935
  • Price: $3,200,000
  • Status: Sale
  • Type: Investment
  • Style: n/a
  • Size: 14025.00
  • Updated: 2022-03-28 11:21:17.0
  • Year Built: 16-30


  • Type: Investment

Commercial General

  • Depth: 0.00
  • Lot Front: 82.00
  • List Price Code: For Sale
  • Lot/Bldg/Unit Code: Lot
  • Lot Size Code: Feet
  • Air Conditioning: N
  • Elevator: None
  • Garage: Outside/Surface
  • Heating: Baseboard
  • Possession Date: Fully Occupied
  • UFFI: No
  • Seller Property Info Statement: N
  • Zoning: Residential (R5)
  • Type: U.
  • Taxes: $18526.5
  • Tax Year: 2021
  • Physically Handicapped-Equipped: N
  • Use: Apts-13 To 20 Units
  • Freestanding: Y
  • Legal Description: Pt Lt 3-4, 8 Blk 15 Pl 189 Pt 1 37R4746; Norfolk C
  • Office/Apt Area: 14025
  • Office/Apt Area Code: Sq Ft
  • Category: Apartment
  • Rail: N
  • Sprinklers: N
  • Total Area: 14025.00
  • Total Area Code: Sq Ft
  • Type Taxes: Annual
  • Utilities: Y
  • Area Influences1: Grnbelt/Conserv
  • Area Influences2: Major Highway
  • Orig lp cd: For Sale

Price History

Updated Price Event
$3,200,000 Listed For Sale
$XXX,XXX Listed


Updated: 28 Mar, 2022. Days On Market: 1 Days

Listing By: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP, Information Updated: 2022-03-28 11:21:17.0

The listing data is provided under copyright by the Toronto Real Estate Board. The listing data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board nor RickMalhi.com.

More About This Property

Rick Malhi

Sales Representative

Our Address

208-5 Brisdale Dr,
Brampton, ON, L7A 0S9