TURN-KEY MULTIPLEX ON A DOUBLE LOT WITH ESTABLISHED TENANTS IN PLACE & CASH FLOW POTENTIAL! Positioned in the heart of Angus within a high-growth area, this turn-key 6-plex offers investors the chance to acquire a substantial multi-residential asset with solid income potential. Set on a double lot with 250 feet of frontage, the property features 11 bedrooms and 6 bathrooms across 5 two-bedroom units and 1 one-bedroom unit, with established tenants already in place. Tenants pay their own heat and hydro, supporting a practical ownership structure. A re-paved driveway provides 12 assigned parking spaces, with additional room to expand parking if needed. Added value comes through a durable steel roof, extra attic insulation, and 6 updated, fully owned hot water tanks. R5 zoning may permit future development or expansion, adding further appeal for buyers looking beyond the existing use. Daily essentials are within walking distance, including restaurants, Angus Morrison Elementary School, a hardware store, a convenience store, and transit, while CFB Borden is just 5 minutes away, and Alliston, Barrie, and Wasaga Beach are all within a 20-minute drive. LINX Transit nearby adds convenient connections to Barrie and Wasaga Beach. For investors with an eye for where value lives, this 6-plex could be exactly what your portfolio has been missing.
Address
94 King Street
List Price
$1,425,000
MLS® Status
New
Expiration Date
2026-06-25
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Essa
Sub-Area
Angus
Region
Simcoe
Bedrooms
11
Bedrooms (Total)
11
Rooms Above Grade
23
Bathrooms
6
Floor Area
5000 + Sq. Ft.
Lot Size Source
MPAC
Lot Depth
74.18
Lot Shape
Irregular
Lot Irregularities
250.64 x 78.40 x 250.55 x 70.06 ft
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
250.58
Parcel Number
581090191
Parcel of Tied Land
No
Occupant Type
Tenant
Cross Street
Mill St/King St
Approx. Age
31 - 50 Years
MLS® Number
N12930430
Listing Brokerage
RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Basement Area
None
Postal Code
L0M 1B0
Posession Details
Flexible
Parking
Private, Reserved/Assigned
Parking Places (Total)
12
Parking Spaces
12
Tax Amount
$5,605.58
Tax Year
2025
Site Influences
Golf, Other, Place Of Worship, Rec./Commun.Centre, School, Year Round Living
Exterior Features
Year Round Living
Interior Features
Separate Heating Controls
Property Features
Golf, Other, Place Of Worship, Rec./Commun.Centre, School
Cable
Available
Central Vacuum
No
Family Room
No
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
None
Construction Materials
Vinyl Siding
Direction Faces
South
Fireplace
No
Foundation Details
Block
Garage
No
Garage Type
None
Kitchens Total
6
Kitchens Above Grade
6
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 30 CON 3 ESSA AS IN RO852721; SURFACE RIGHTS ONLY ; ESSA
Topography
Flat
View Type
Trees/Woods
Waterfront
No
Waterfront
None
Access To Property
Paved Road, Year Round Municipal Road
Sewer
Sewer
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