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.
PT PARK LT 8 E/S KEMPTVILLE RD PL 9 JOHNSTOWN AS IN PR197296; EDWARDSBURGH/CARDINAL
Possession Date
Flexible
Taxes (2024)
$5,100
Assessment (2023)
$396,000
Directions/Cross Streets
North
Area
Leeds & Grenvi
Price History
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Detailed Information
Fronting On
E
Special Designations
Unknown
Bedrooms
9+4
Bathrooms
10
Rooms
21
Kitchens
7
Lot
274.25 x 322.89 ft
Acreage
.50-1.99
Approximate Square Footage
5000+
Approximate Age
51-99
Exterior
Vinyl Siding
Air Conditioning
Central Air
Family Room
N
Fireplace/Stove
N
Pool
None
Laundry Level
Main
Basement
None
Drive
Available
Garage Spaces
1.0
Garage Type
Detached
Parking Spaces
15
Total Parking Spaces
15.0
Heat Source
Other
Heat Type
Forced Air
Sewers
Septic
Water
Well
Zoning
RU-3
Seller Property Info Statement
Y
Rooms
Room
Level
Dimensions
Notes
3rd Br
Ground
3 Pc Bath
2nd Br
Ground
3 Pc Bath
2nd Br
Ground
3 Pc Bath, 3 Pc Bath
2nd Br
Ground
3 Pc Bath, 3 Pc Bath
2nd Br
Ground
3 Pc Bath, 3 Pc Bath
Br
Ground
3 Pc Bath
Br
Ground
3 Pc Bath
Bathrooms
Pieces
Level
4
Main
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