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$389,900
Available - For Sale
Listing ID: X12267547
An excellent investment opportunity awaits with this rare, multi-unit setup on 2.38 acres backing onto the Trans Canada Trail. The property features two separate dwellings, offering strong income potential and flexibility for a variety of strategies. The main house is freshly painted, vacant, and move-in ready ideal for attracting quality tenants or for an owner-occupier looking to offset mortgage costs. It includes 3 bedrooms, a 4-piece bath, propane furnace (2017), and a mix of laminate, hardwood, and tile flooring. A usable crawl space with laundry hookups and a separate entrance adds utility and potential. The second building is a fully tenanted duplex, consisting of a 2-bedroom unit and a 1-bedroom unit each with separate hydro meters and electric baseboard heating. A detached garage is also included; while it requires some TLC, it offers value-add potential as storage or workshop space. With two wells and two septic systems (both recently pumped in November 2023), this property is well-equipped to support multi-tenant occupancy. Whether you're looking for steady cash flow, a live-and-rent scenario, or a long-term hold with room for improvement, this property offers a strong foundation for your investment portfolio.
Price $389,900
Taxes: $2,084.32
Tax Type: Annual
Occupancy by: Tenant
Address: 113166 /113176 Hwy 7 N/A , Addington Highlands, K0H 1Z0, Lennox & Addingt
Postal Code: K0H 1Z0
Province/State: Lennox & Addingt
Legal Description: PT LT 11 CON 8 KALADAR PT 1 & 2 29R6465;
Directions/Cross Streets: Highway 7
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: Accommodation
Building Percentage: T
Total Area: 765
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Propane Gas
Central Air Conditioning: No
Water: Drilled W
Water Supply Types: Drilled Well
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ROYAL LEPAGE PROALLIANCE REALTY

113166 /113176 Hwy 7 N/A , Addington Highlands, K0H 1Z0, Lennox & Addingt


 
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Type: Com - Investment
Area: Lennox & Addington
Municipality: Addington Highlands
Neighbourhood: Addington Highlands
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Lot Size: x 312.69(Feet)
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Tax: $2,084.32
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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