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$ 1,299,000
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68 Forest ST Aylmer, ON N5H 1A7
12 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Aylmer
MLS Listing ID X12740626
Style Other
Bedrooms 12
Annual Tax Amount $8,211
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Stop looking at 2026 and start looking at 2035. If you missed the boom in the GTA or the early days of Kitchener-Waterloo, this is your reset button. Located 15 minutes from the VolkswagenPowerCo Gigafactory, Canada's largest industrial project currently scaling for 2027 production,68 Forest St is positioned in the primary "bedroom community" for 3,000+ incoming direct high-skilled jobs. This is more than a building; it is a strategic land-grab in Ontario's new industrial heartland. This well-maintained six-plex presents an excellent investment opportunity for investors. The property features a strong financial profile supported by an exceptionally efficient expense ratio due to tenant-paid hydro and water. Recent capital improvements have modernized the property and reduced near-term maintenance needs, offering a turn-key solution. With updated units, proven rent growth, and mechanical upgrades in place, this asset delivers both immediate cash flow and future upside potential. This property stands out as a well-positioned opportunity for buyers seeking a stable, income-generating multi-family investment.
Location
Province ON
County Elgin
Community Aylmer
Area Elgin
Zoning RM2
Rooms
Family Room No
Basement None
Kitchen 6
Interior
Interior Features Water Heater Owned
Cooling Other
Inclusions fridge x5, stove x5, hot water tanks owned
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 132.16
Lot Depth 87.22
Total Parking Spaces 8
Building
Building Age 31-50
Foundation Concrete
Others
Senior Community No
ParcelsYN No
Listed by PRIME REAL ESTATE BROKERAGE