INVESTMENT OPPORTUNITY!! Multi-Residential complex situated on just OVER 20 ACRES of Land. This property features 6 Freestanding Residential Buildings, a 5plex, Single home, and 2 Prefab homes. Along with rental income from a Log Shack, Barn and 4 Rental Spaces used for storage and RV. CAP Rate of 6.49% with OPPORTUNITY of additional rental income from storage or pasture land. Fully Tenanted and self managed property. Located just 1.5KM south of Cumberland. The residences are Surrounded by Mature Maple Trees, Pastures, and nature. In the back, there is a 40'x150' gravel parking area. 2 Drilled Wells, 3 Septic Systems, Propane Sourced Heating. VTB Available, CALL FOR MORE DETAILS!
PT LT B CON 4 CUMBERLAND PTS 1, 2 & 3, 4R10694 & PTS 2 & 3, 50R4806; CUMBERLAND
Occupancy
Tenant
Possession Date
TBD
Taxes (2023)
$5,908
Directions/Cross Streets
From the town of Cumberland take Old Montreal Road, then south onto Dunning Road. About 2.5KM south, property on the Left.
Neighbourhood
1116 - Cumberland West
Area
Ottawa
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
518.9 x 1,217.05 ft
Lot Irregularities
1
Parking Spaces
50
Heat Type
Radiant
Gross Income/Sales
$167,868
Net Income Before Debt
$128,938
Water Expense
$960
Insurance Expense
$7,800
Operating Expenses
$38,017
Sewers
Septic
Water Supply Types
Drilled Well
Water
Well
Zoning
AG3
Seller Property Info Statement
N
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