$619,900 FOR SALE

Investment

Lot: 126 x 92 ft
2023 Taxes: $3,900

2870 COLONIAL Rd
Orleans - Cumberland And Area, ON K0A 3E0 | 1116 - Cumberland West | Ottawa

Investment opportunity that savvy investors won't want to miss. Located in the peaceful village of Sarsfield, just minutes from Orleans & Navan, this well-maintained 5plex offers significant potential for increased returns. Sarsfield combines the charm of rural living with the convenience of easy access to nearby urban centers, making it an attractive location for tenants seeking tranquility while staying connected to city amenities. With 3 2-bdrm & 2 1-bdrm apts, the units are rented below market value, presenting a clear opportunity to maximize profitability. This fully-occupied property provides steady rental income & includes individual parking spaces & outdoor storage for each unit, enhancing tenant appeal. With 4 sep. electrical meters, landlords have added convenience, covering only electricity for common areas & 3 units. Seize this promising investment in a community blending country charm & urban accessibility. Schedule your viewing today & unlock the potential of this 5-plex!

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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9518943
Last Updated Dec 19, 2024
Property Summary
Property Type Investment

More like this:
Category Apartment
PIN 145420061
Legal Description PT LT 10 CON 4 CUMBERLAND AS IN RR123397; CUMBERLAND
Occupancy Tenant
Possession Date TBD
Taxes (2023) $3,900
Directions/Cross Streets Once in Navan go east on Colonial Road for about 10 minutes. Once in Sarsfield the property is on the North Side.
Neighbourhood 1116 - Cumberland West
Area Ottawa
Price History
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Detailed Information
Lot 126 x 92 ft
Parking Spaces 8
Heat Type Baseboard
Gross Income/Sales $57,720
Net Income Before Debt $39,953
Water Expense $1,200
Insurance Expense $6,347
Operating Expenses $17,767
Sewers Septic
Water Supply Types Drilled Well
Water Well
Zoning V3F
Seller Property Info Statement N

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