$1,149,000
Available - For Sale
Listing ID: X10434131
2039 County Road 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 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. |
| Price | $1,149,000 |
| Taxes: | $5100.00 |
| Assessment: | $396000 |
| Assessment Year: | 2024 |
| Address: | 2039 County Road 44 Rd , Edwardsburgh/Cardinal, K0E 1X0, Ontario |
| Lot Size: | 274.25 x 322.89 (Feet) |
| Directions/Cross Streets: | Hwy. 401 to Hwy 16 to County Rd. 44 |
| Rooms: | 31 |
| Bedrooms: | 9 |
| Bedrooms +: | 4 |
| Kitchens: | 7 |
| Family Room: | N |
| Basement: | None |
| Approximatly Age: | 51-99 |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | Detached |
| (Parking/)Drive: | Available |
| Drive Parking Spaces: | 15 |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 5000+ |
| Property Features: | Wooded/Treed |
| Fireplace/Stove: | N |
| Heat Source: | Other |
| Heat Type: | Other |
| Central Air Conditioning: | Central Air |
| Laundry Level: | Main |
| Sewers: | Septic |
| Water: | Well |
| Water Supply Types: | Drilled Well |
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| RE/MAX HALLMARK FIRST GROUP REALTY LTD. BROKERAGE |
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|
Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Leeds & Grenville |
| Municipality: | Edwardsburgh/Cardinal |
| Neighbourhood: | 807 - Edwardsburgh/Cardinal Twp |
| Style: | 2-Storey |
| Lot Size: | 274.25 x 322.89(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $5,100 |
| Beds: | 9+4 |
| Baths: | 10 |
| Fireplace: | N |
| Pool: | None |
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