$1,149,000
2039 COUNTY RD 44 Road Spencerville, ON K0E1X0
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$1,149,000
Est. payment /mo
13 Beds
10 Baths
6,991 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,991 sqft
Price per Sqft $164
Subdivision Edwardsburgh/Cardinal
MLS® Listing ID 40641111
Bedrooms 13
Originating Board Kingston & Area Real Estate Association
Year Built 1962
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 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:24570)
Location
Province ON
Interior
Heating Forced air, Radiant heat,
Cooling Central air conditioning
Exterior
Garage Yes
Community Features Quiet Area
Waterfront No
View Y/N No
Total Parking Spaces 16
Private Pool No
Building
Story 2
Sewer Septic System
Others
Ownership Freehold
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Listed by Re/Max Hallmark First Group Realty Ltd. Brokerage
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