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. (id:20907)
MLS® Number | 40641111 |
Property Type | Multi-family |
Amenities Near By | Shopping |
Community Features | Quiet Area |
Parking Space Total | 16 |
Bathroom Total | 10 |
Bedrooms Total | 13 |
Basement Type | None |
Constructed Date | 1962 |
Cooling Type | Central Air Conditioning |
Exterior Finish | Vinyl Siding |
Fireplace Present | No |
Heating Fuel | Propane |
Heating Type | Forced Air, Radiant Heat |
Stories Total | 2 |
Size Interior | 6991 Sqft |
Utility Water | Well |
Detached Garage |
Access Type | Highway Access |
Acreage | No |
Land Amenities | Shopping |
Sewer | Septic System |
Size Depth | 323 Ft |
Size Frontage | 274 Ft |
Size Total Text | 1/2 - 1.99 Acres |
Zoning Description | Ru-3 |
https://www.realtor.ca/real-estate/27387251/2039-county-rd-44-road-spencerville
(613) 548-2550
www.remaxhallmark.com/
(613) 548-2550
www.remaxhallmark.com/
(613) 548-2550
www.remaxhallmark.com/