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$1,149,000
Available - For Sale
Listing ID: X10434131
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 to 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. Units 3, 4 and 5 are 3pce., Units 1, 2, 6 and 7 are 4pce. Plenty of parking and outdoor space for each tenant.
Price $1,149,000
Taxes: $5,100
Assessment: $396000
Assessment Year: 2024
Address: 2039 County Road 44 Rd , Edwardsburgh/Cardinal, K0E 1X0, Ontario
Lot Size: 274.25 x 322.89 (Feet)
Directions/Cross Streets: Hwy. 401 to Hwy 16 to County Rd. 44
Rooms: 31
Bedrooms: 9
Bedrooms +: 4
Washrooms: 10
Kitchens: 7
Family Room: N
Basement: None
No. of Pieces Level
Washroom 1 4 Main
Washroom 2 3 Main
Property Type: Multiplex
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: Detached
(Parking/)Drive: Available
Drive Parking Spaces: 15
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 5000+
Property Features: Wooded/Treed
Fireplace/Stove: N
Heat Source: Other
Heat Type: Other
Central Air Conditioning: Central Air
Laundry Level: Main
Sewers: Septic
Water: Well
Water Supply Types: Drilled Well
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RE/MAX HALLMARK FIRST GROUP REALTY LTD. BROKERAGE

2039 County Road 44 Rd , Edwardsburgh/Cardinal, K0E 1X0, Ontario

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Maria Tompson
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416-548-7854
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416-981-7184

 
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At a Glance:
Type: Freehold - Multiplex
Area: Leeds & Grenville
Municipality: Edwardsburgh/Cardinal
Neighbourhood: 807 - Edwardsburgh/Cardinal Twp
Style: 2-Storey
Lot Size: 274.25 x 322.89(Feet)
Approximate Age: 51-99
Tax: $5,100
Maintenance Fee: $0
Beds: 9+4
Baths: 10
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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