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$1,149,000
Status: For Sale
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.
| Property Type | :Residential |
|---|---|
| MLS Number | :X9308740 |
| Listing Type | :Sale |
| Property Age | :51-99 years |
| Possession Date | : |
| Last Updated | :10 Oct, 2024 (9 Days ago) |
| Source | :TRREB |
| Area | :Leeds & Grenvi |
|---|---|
| Postal Code | : K0E 1X0 |
| Price | : $1,149,000 |
|---|---|
| Property Taxes | :$5100.00 |
| Tax Year | :2024 |
|---|
| Bedrooms | :9 + 4 |
|---|---|
| No. of Rooms | :21 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :North |
| Bathrooms | :10 |
|---|---|
| Fuel | :Other |
| Approx Square Footage | :5000+ sqft |
| 3rd Br | :0.00 m x 0.00 m |
|---|---|
| 2nd Br | :0.00 m x 0.00 m |
| 2nd Br | :0.00 m x 0.00 m |
| Br | :0.00 m x 0.00 m |
| 2nd Br | :0.00 m x 0.00 m |
|---|---|
| 2nd Br | :0.00 m x 0.00 m |
| Br | :0.00 m x 0.00 m |
| Exterior Finish | :Vinyl Siding |
|---|---|
| Parking Space | :15 |
| Basement | :None |
| Garage | :Detached |
|---|---|
| Laundry Level | :Main |
10 Oct, 2024
TREB #X9308740
Price Change, Available
$1149000.0
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