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16055 County Rd 36 Road South Stormont, Ontario K0C 1P0

12 Bedroom 6 Bathroom
Central Air Conditioning Forced Air

$1,500,000

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. 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. (id:37229)

Property Details

MLS® Number X11998140
Property Type Multi-family
Community Name 714 - Long Sault
AmenitiesNearBy Park
Features Wooded Area
ParkingSpaceTotal 10
Structure Patio(s)

Building

BathroomTotal 6
BedroomsAboveGround 8
BedroomsBelowGround 4
BedroomsTotal 12
Amenities Separate Electricity Meters
Appliances Water Meter
BasementFeatures Apartment In Basement
BasementType N/a
CoolingType Central Air Conditioning
ExteriorFinish Brick
FireplacePresent No
FoundationType Poured Concrete
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 3
Type Other
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
LandAmenities Park
Sewer Sanitary Sewer
SizeDepth 262 Ft ,8 In
SizeFrontage 133 Ft
SizeIrregular 133.04 X 262.73 Ft
SizeTotalText 133.04 X 262.73 Ft

https://www.realtor.ca/real-estate/27974737/16055-county-rd-36-road-south-stormont-714-long-sault

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