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$1,899,000
Available - For Sale
Listing ID: X12265766
An entire 12-unit apartment-style condominium building offering multiple strategies for the savvy investor. Each unit is a fully registered 2-bedroom condo with parking, providing the option to hold as a single income-generating asset or sell units individually for future profit, with an estimated market value of approximately $200,000 per unit.Two units were recently rented at $1,550 per month, setting the precedent for the buildings pro forma at an impressive $223,200 in annual income potential. This is a high-performing property in a strong rental market with steady demand and room to grow. Each condo has in-unit laundry, aside from the 4 basement units which share a coin laundry room (bringing in additional passive income). All major capital components are in good condition, and the building has been well-maintained.With projected market rents of $1,550 per unit, the building supports a potential cap rate of nearly 10%. Whether youre looking to build long-term wealth, set up a retirement plan, or scale your real estate portfolio, this property checks all the boxes. Condo fees and individual unit titles offer flexibility and ease of management. Vendor Financing (VTB) available, making this opportunity even more attractive for buyers looking to maximize leverage and returns. Contact us today for full financials and to schedule a private tour.
Price $1,899,000
Taxes: $13,387
Tax Type: Annual
Monthly Condo Fee: $310
Occupancy by: Owner+T
Address: 120 MILITARY Road , South Glengarry, K0C 1N0, Stormont, Dundas
Postal Code: K0C 1N0
Province/State: Stormont, Dundas
Directions/Cross Streets: N Beech St & Military Rd (Hwy 34)
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
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Category: Apartment
Building Percentage: T
Total Area: 0
Total Area Code:  Square Feet
Maintenance: 0
Water Expense: $6067
Expenses Actual/Estimated: $Est
Heat Type: Baseboard
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX AFFILIATES MARQUIS LTD.

120 MILITARY Road , South Glengarry, K0C 1N0, Stormont, Dundas


 
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At a Glance:
Type: Com - Investment
Area: Stormont, Dundas and Glengarry
Municipality: South Glengarry
Neighbourhood: 724 - South Glengarry (Lancaster) Twp
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Lot Size: x 86.59(Feet)
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Tax: $13,387
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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