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Laura Stevens

laura.stevens@engelvoelkers.com +1(705) 765-1474

$ 1,149,000

Est. payment -/mo

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Pending

2039 County Road 44 RD Edwardsburgh/cardinal, ON K0E 1X0

13 Beds

10 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 807 - Edwardsburgh/Cardinal Twp

MLS Listing ID X10434131

Style 2-Storey

Bedrooms 13

Building Age 51-99

Annual Tax Amount $5,100

Tax Year 2024

Property Sub-Type Multiplex

Property Description

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 to 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. Units 3, 4 and 5 are 3pce., Units 1, 2, 6 and 7 are 4pce. Plenty of parking and outdoor space for each tenant.

Location

Province ON

County Leeds And Grenville

Community 807 - Edwardsburgh/Cardinal Twp

Area Leeds And Grenville

Zoning RU-3

Rooms

Family Room No

Basement None

Kitchen 7

Separate Den/Office 4

Interior

Interior Features Separate Hydro Meter, Separate Heating Controls, Storage

Cooling Central Air

Inclusions 7 Fridges, 7 Stoves

Exterior

Parking Features Available

Garage Spaces 1.0

Pool None

Roof Type Metal

Lot Frontage 274.25

Lot Depth 322.89

Total Parking Spaces 16

Building

Foundation Slab

Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. BROKERAGE

Laura Stevens

Broker | License ID: 4787845

+1(705) 765-1474

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