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$ 1,500,000
Est. payment /mo
Active
16055 County Rd 36 RD South Stormont, ON K0C 1P0
8 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision 714 - Long Sault
MLS Listing ID X11998140
Style 3-Storey
Bedrooms 8
Annual Tax Amount $6,982
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Are you looking for an investment opportunity with plenty of upside in a thriving and rapidly growing area? 16055 County Rd 36 in Long Sault features a well built and well maintained 6-unit apartment building (all 2 bedroom, 1 bathroom units with in-unit laundry) as well as the potential to build a second 6-unit apartment building on the same property. An amendment to the Zoning By-Law has recently been passed to allow for a second 6-unit building to be built on this same property. Each unit in the existing building has plenty of upside potential in rental income as well. This property has had many recent updates including new shingle roof (2023), 6 new AC units (2023), new retaining wall / steps (2023), new entry door (2023), painting / patching of units (2024), painting of patio railings (2024). This is a turn-key investment with very good tenants, and plenty of rental upside. South Stormont Township is a very fast growing community in Eastern Ontario and this is your opportunity to be a part of that growth with a well built asset. This building has mainly mature tenants, is steps away from the conveniences of Long Sault, and features a paved parking lot area. All tenants pay their own heat + hydro.
Location
Province ON
County Stormont, Dundas And Glengarry
Community 714 - Long Sault
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Apartment
Kitchen 6
Separate Den/Office 4
Interior
Interior Features Separate Hydro Meter, Water Meter
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Patio
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 133.04
Lot Depth 262.73
Total Parking Spaces 10
Building
Unit Features Wooded/Treed,Park
Foundation Poured Concrete
Listed by KELLER WILLIAMS INTEGRITY REALTY