2870 COLONIAL Road, Orleans - Cumberland and Area | Image 1

2870 COLONIAL Road

Orleans - Cumberland and Area, 1116 - Cumberland West

  • Commercial

$619,900
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: V3F

  • Age: No Data

  • Taxes: 3900

  • MLS®#: X9518943

  • Days on Site: 73 Days

  • Added: Sep 05, 2024 (2 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: EXP REALTY

Investment opportunity that savvy investors won't want to miss. Located in the peaceful village of Sarsfield, just minutes from Orleans & Navan, this well-maintained 5plex offers significant potential for increased returns. Sarsfield combines the charm of rural living with the convenience of easy access to nearby urban centers, making it an attractive location for tenants seeking tranquility while staying connected to city amenities. With 3 2-bdrm & 2 1-bdrm apts, the units are rented below market value, presenting a clear opportunity to maximize profitability. This fully-occupied property provides steady rental income & includes individual parking spaces & outdoor storage for each unit, enhancing tenant appeal. With 4 sep. electrical meters, landlords have added convenience, covering only electricity for common areas & 3 units. Seize this promising investment in a community blending country charm & urban accessibility. Schedule your viewing today & unlock the potential of this 5-plex!

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 39953

  • Area: Orleans - Cumberland and Area

  • Community: 1116 - Cumberland West

  • Availability Date: TBD

Building

  • Heat Type: Baseboard

  • Water Supply Type: Drilled Well

  • Water Supply: Well

Parking

  • Covered Parking Spaces: 8

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 10 CON 4 CUMBERLAND AS IN RR123397; CUMBERLAND

  • Taxes: $3,900

  • Insurance Fee: 6347

  • Operating Fees: 17767

  • Water Fees: 1200

Land

  • Cross Street: Once in Navan go eas

  • Municipality District: Orleans - Cumberland and Ar

  • Parcel Number: 145420061

  • Sewer: Septic

  • Lot Depth: 92 Feet

  • Lot Frontage: 126 Feet

  • Zoning: V3F

Commercial Specific

  • Gross Income/Sales: 57720

Map of 2870 COLONIAL Road, Orleans - Cumberland and Area
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