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$1,149,000
Available - For Sale
Listing ID: X9412189
Exceptional opportunity for an investor looking to grow their portfolio with a cash positive investment. This Turn-Key property is located minutes from the 401, U.S. Bridge and Hwy. 416. Originally a motel, this commercially-built property was converted t a 7-Unit Residential Apartment Complex in the late 90's Preliminary approval in place for storage rental spaces. Upgraded septic and two wells service the property. Mechanical upgrades in the past 7 years include boiler systems, metal shingles and high efficiency propane furnaces in the last 7 years. Owner occupied unit will be vacant upon closing. Main building consists of 1-3 bedroom, 4-2 bedroom, 2-1 bedroom, detached garage and separate laundry. 3 of the 2 bedroom units have 2 baths, all other units have one bath. Plenty of parking and outdoor space for each tenant.
Price $1,149,000
Taxes: $5,100
Assessment: $396000
Assessment Year: 2016
Occupancy by: Own+Ten
Address: 2039 COUNTY RD 44 Rd , Edwardsburgh/Cardinal, K0E 1X0, Ontario
Postal Code: K0E 1X0
Province/State: Ontario
Legal Description: PT PARKLT 8 E/S KEMPTVILLE RD PL 9 JOHNS
Lot Size: 274.25 x 322.89 (Feet)
Directions/Cross Streets: Exit 721B from ON-401 Eastbound. Turn left onto County Rd 16. Turn right onto County Rd 44, property
Zoning: RU-3
Total Area: 6,991
Total Area Code:  Sq Ft
Approximatly Age: 51-99
Insurance Expense: $4236
 Heat Expenses: $9000
 Hydro Expense:  $3500
Expenses Actual/Estimated: $Est
Heat Type: Forced Air
Central Air Conditioning: Central Air
Sewers: Septic
Water: Well
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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 First Group Realty Ltd. Brokerage

2039 COUNTY RD 44 Rd , Edwardsburgh/Cardinal, K0E 1X0, Ontario


 
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Type: Com - Investment
Area: Leeds & Grenville
Municipality: Edwardsburgh/Cardinal
Neighbourhood: 807 - Edwardsburgh/Cardinal Twp
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Lot Size: 274.25 x 322.89(Feet)
Approximate Age: 51-99
Tax: $5,100
Maintenance Fee: $0
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