$650,000
236 Nelson Street W, Virden
MLS® Number: 202518169
Description
Excellent investment property in the attractive Town of Virden. The current owners have cared for the property like a member of the family. The solid former Post Office building was nicely converted to 12 individual suites. The 7 - one bedroom and 5 - two bedroom suites each have a 4 piece bathroom and there is a waiting list of renters waiting for any vacancies. There are 9 parking stalls with plug-ins, coin op laundry (2 washers, 2 dryers) and storage lockers for tenants. The upgrades include newer windows, new carpet and painting throughout hallways and staircase, LED lighting, upgraded emergency fire panel and exit lights, individual key pad entries for suites, 14 camera monitoring system, complete spray foam roofing 2023 and three 60 gallon hot water tanks 2021 or newer. Also, new water service lines and meters were installed in 2024. Included is a maintenance/mechanical room, owned garbage dumpster, Wi-Fi for the building owner, outside cement bench and established flower bed at the street front. With an attractive location, this investment property provides great returns for new owners.Property Summary
Property Type
Multi-Family for Sale
Community
Virden
Neighbourhood
Southwest
