REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 850,000
Est. payment | /mo
5,490 SqFt
$ 850,000
Est. payment | /mo
5,490 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,490 sqft
Price per Sqft $154
Subdivision 701 - Morrisburg
MLS Listing ID X12259134
Building Age 31-50
Annual Tax Amount $7,000
Tax Year 2025
Property Sub-Type Investment
Property Description
RESIDENTIAL 5-PLEX with below market rents creating lots of potential upside for the patient investor. Each of the 5 townhomes have a separate PIN identifications (see Document section) with the required R-Plan legal survey, but the Estate's listing condition(s) state that the property will only be sold as a block of 5-three bedroom residential units; the buyer/investor must assume all tenants; the Estate will not serve any Notices on behalf of a buyer under any circumstance under RTA; once the potential buyer has reviewed the I/E statement provided by the Estate it will be possible to inspect just one of the townhomes (all units have same typical layouts); and finally once a conditional offer is accepted by the Estate all units will be made available for inspection provided the RTA guidelines are respected for additional showings. The estimated net cash flow for the 5 units before any debt service or depreciation in 2024 is estimated to be approximately $20,700 based on current rents and expenses (see your agent for further details). Seller requires "As Is" SPIS signed & submitted with all offer(s) and requires 3 full business days irrevocable to review any/all offer(s).
Location
Province ON
County Stormont, Dundas And Glengarry
Community 701 - Morrisburg
Area Stormont, Dundas And Glengarry
Zoning Residential
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 107.0
Lot Depth 92.0
Others
Security Features No
Listed by CAMERON REAL ESTATE BROKERAGE
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