2039 COUNTY RD 44 Road, Edwardsburgh/Cardinal | Image 1
$1,149,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: RU-3

  • Age: 51-99 years

  • Taxes: 5100

  • MLS®#: X9412189

  • Days on Site: 69 Days

  • Added: Sep 08, 2024 (2 months ago)

  • Updated:

  • Last Checked: 7 hours ago

  • Listed By: Re/Max Hallmark First Group Realty Ltd. Brokerage

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.

Property

  • Status: Sale

  • Property Type: Investment

  • Age: 51-99

  • Area: Edwardsburgh/Cardinal

  • Community: 807 - Edwardsburgh/Cardinal Twp

  • Availability Date: FLEX

  • Assessment Amount: $396,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: Y

Building

  • Basement: N

  • Heat Type: Other

  • Freestanding: Y

  • Water Supply: Well

Parking

  • Garage Type: Other

  • Covered Parking Spaces: 15

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT PARKLT 8 E/S KEMPTVILLE RD PL 9 JOHNSTOWN AS IN PR197296; EDW

  • Taxes: $5,100

  • Expenses: Est

  • Insurance Fee: 4236

  • Hydro Expense: 3500

  • Heat Expenses: 9000

Land

  • Cross Street: Exit 721B from ON-40

  • Municipality District: Edwardsburgh/Cardinal

  • Parcel Number: 681490149

  • Sewer: Septic

  • Lot Depth: 322.89 Feet

  • Lot Frontage: 274.25 Feet

  • Zoning: RU-3

Commercial Specific

  • Total Area: 6991

  • Total Area Metric: Sq Ft

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For Sale
2 months ago
$995,000
  • 0 bath
  • 0 bed

2020 COUNTY RD 44 Road, Edwardsburgh/Cardinal, Ontario • K0E 1X0 • 807 - Edwardsburgh/Cardinal Twp