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$ 1,500,000
Est. payment | /mo
12 Beds
6 Baths
3,499 SqFt
$ 1,500,000
Est. payment | /mo
12 Beds
6 Baths
3,499 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,499 sqft
Price per Sqft $428
Subdivision 714 - Long Sault
MLS® Listing ID X11998140
Bedrooms 12
Originating Board Cornwall & District Real Estate Board
Property Description
Are you looking for an investment opportunity with plenty of upside in a thriving and rapidly growing area? 16055 County Rd 36 in Long Sault features a well built and well maintained 6-unit apartment building (all 2 bedroom, 1 bathroom units with in-unit laundry) as well as the potential to build a second 6-unit apartment building on the same property. An amendment to the Zoning By-Law has recently been passed to allow for a second 6-unit building to be built on this same property. Each unit in the existing building has plenty of upside potential in rental income as well. This property has had many recent updates including new shingle roof (2023), 6 new AC units (2023), new retaining wall / steps (2023), new entry door (2023), painting / patching of units (2024), painting of patio railings (2024). This is a turn-key investment with very good tenants, and plenty of rental upside. South Stormont Township is a very fast growing community in Eastern Ontario and this is your opportunity to be a part of that growth with a well built asset. This building has mainly mature tenants, is steps away from the conveniences of Long Sault, and features a paved parking lot area. All tenants pay their own heat + hydro. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Others
Virtual Tour https://youtu.be/WXt-CQPreww
Listed by KELLER WILLIAMS INTEGRITY REALTY