$1,149,000
Available - For Sale
Listing ID: X9412189
2039 COUNTY RD 44 Rd , Edwardsburgh/Cardinal, K0E 1X0, Ontario
| 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. |
| Price | $1,149,000 |
| Taxes: | $5100.00 |
| Assessment: | $396000 |
| Assessment Year: | 2024 |
| Occupancy by: | Own+Ten |
| Address: | 2039 COUNTY RD 44 Rd , Edwardsburgh/Cardinal, K0E 1X0, Ontario |
| Postal Code: | K0E 1X0 |
| Province/State: | Ontario |
| Legal Description: | PT PARKLT 8 E/S KEMPTVILLE RD PL 9 JOHNS |
| Lot Size: | 274.25 x 322.89 (Feet) |
| Directions/Cross Streets: | Exit 721B from ON-401 Eastbound. Turn left onto County Rd 16. Turn right onto County Rd 44, property |
| Building Percentage: | Y |
| Total Area: | 6991.00 |
| Total Area Code: | Sq Ft |
| Approximatly Age: | 51-99 |
| Insurance Expense: | $4236 |
| Heat Expenses: | $9000 |
| Hydro Expense: | $3500 |
| Year Expenses: | 0 |
| Expenses Actual/Estimated: | $Est |
| Heat Type: | Other |
| Central Air Conditioning: | Y |
| Sewers: | Septic |
| Water: | Well |
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| Re/Max Hallmark First Group Realty Ltd. Brokerage |
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416-828-2535
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At a Glance:
| Type: | Com - Investment |
| Area: | Leeds & Grenville |
| Municipality: | Edwardsburgh/Cardinal |
| Neighbourhood: | 807 - Edwardsburgh/Cardinal Twp |
| Lot Size: | 274.25 x 322.89(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $5,100 |
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