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$1,282,500
Available - For Sale
Listing ID: X11937880
Welcome to 2084 Dundas, a meticulously maintained and recently renovated CASH COW. Grossing over $10,000 per month we are offering this gem at a PHENOMENAL CAP RATE of 6.16%. This property is just over 1/2 an acre and pending township approval, it has the potential to either add more units or split some big units, into additional dwellings. Two massive units per floor, one per side and an oversized unit in the rear addition, which used to be the grand banquet hall of a hotel. The front building used to be that hotel so you'll find a 400amp service for the front 6 units and a 200 amp service for the rear unit. One of the best parts of this building is the majority of the tenants have taken significant pride in upkeeping the units as if their own, as you will see in both photos or when you visit. Located a mere 300 metres from the St. Lawrence River, under 1 hour to Ottawa and 12 minutes to Prescott or the US border, this property is not to be overlooked!
Price $1,282,500
Taxes: $5,859
Tax Type: Annual
Occupancy by: Tenant
Address: 2084 DUNDAS Stre , Edwardsburgh/Cardinal, K0E 1E0, Leeds and Grenvi
Postal Code: K0E 1E0
Province/State: Leeds and Grenvi
Legal Description: PT LT 312 PL 25 DESIGNATED AS PTS 1, 2,
Lot Size: 22.25 x 249 (Feet)
Directions/Cross Streets: Hwy 401 to Cardinal. Exit at Shanley Road #22 From Hwy #22 continue onto Dundas Street. Property wil
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 4,000
Total Area Code:  Square Feet
Chattels: T
Taxes Expense: $5859
Insurance Expense: $8700
Maintenance: 0
 Heat Expenses: $2200
 Hydro Expense:  $15000
Water Expense: $7200
Gross Income/Sales: $122173
Net Income Before Debt: $83213
Expenses Actual/Estimated: $Act
Volts: 400
Heat Type: Baseboard
Central Air Conditioning: Partial
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK REALTY GROUP

2084 DUNDAS Stre , Edwardsburgh/Cardinal, K0E 1E0, Leeds and Grenvi


 
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At a Glance:
Type: Com - Investment
Area: Leeds and Grenville
Municipality: Edwardsburgh/Cardinal
Neighbourhood: 806 - Town of Cardinal
Style:
Lot Size: 22.25 x 249.00(Feet)
Approximate Age:
Tax: $5,859
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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