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$ 1,100,000
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16055 County Rd 36 ST South Stormont, ON K0C 1P0
12 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 714 - Long Sault
MLS Listing ID X12358958
Style 3-Storey
Bedrooms 12
Annual Tax Amount $6,471
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Are you looking for an investment opportunity with plenty of upside in a thriving and rapidly growing area? 16055 County Rd 36 in Long Sault features a well built and well maintained 6-unit apartment building (all 2 bedroom, 1 bathroom units with in-unit laundry) as well as the potential to build a second 6-unit apartment building on the same property. An amendment to the Zoning By-Law has recently been passed to allow for a second 6-unit building to be built on this same property, providing ample opportunity for the new owner. Each unit in the existing building has plenty of upside potential in rental income as well. This property has had many recent updates including new shingle roof (2023), 6 new AC units (2023), new retaining wall / steps (2023), new entry door (2023), painting / patching of units (2024), painting of patio railings (2024). This is a turn-key investment with very good tenants, and plenty of rental upside. South Stormont Township is a very fast growing community in Eastern Ontario and this is your opportunity to be a part of that growth with a well built asset. This building has mainly mature tenants, is steps away from the conveniences of Long Sault, and features a paved parking lot area. All tenants pay their own heat + hydro.
Location
Province ON
County Stormont, Dundas And Glengarry
Community 714 - Long Sault
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Apartment
Kitchen 6
Separate Den/Office 4
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Porch
Pool None
Roof Type Asphalt Shingle
Lot Frontage 133.04
Lot Depth 262.73
Total Parking Spaces 8
Building
Unit Features Wooded/Treed
Foundation Poured Concrete
Listed by RE/MAX AFFILIATES MARQUIS LTD.