2946 Lough Road South Mountain, Ontario K0E 1W0
$825,000
Incredible Investment Opportunity! Apartment Building on 2+ Acres with Expansion Potential! Presenting a rare gem - an apartment building with seven fully rented units and the potential to expand with an additional six units on two floors! Seven fully rented units ensure immediate income generation. The Addition of six units the 2nd and 3rd floors, will maximize your investment plus the opportunity to expand. Enjoy cash flow from day one with all units currently rented. The 2nd and 3rd floors have plumbing and hydro already installed. Please respect the privacy of current tenants. Act Fast! This is your chance to be part of the flourishing real estate landscape in South Mountain. Don't miss out on this great investment opportunity! No Showings After 5 PM, The 2nd and 3rd floors do not have lighting. Form 560 - Confidentiality Agreement must be signed before any financials are provided. (id:49269)
Property Details
| MLS® Number | 1391771 |
| Property Type | Multi-family |
| Neigbourhood | South Mountain |
| Parking Space Total | 15 |
Building
| Constructed Date | 1924 |
| Exterior Finish | Brick, Siding |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Radiant Heat |
| Stories Total | 2 |
| Utility Water | Drilled Well |
Land
| Acreage | No |
| Sewer | Septic System |
| Size Depth | 509 Ft ,4 In |
| Size Frontage | 255 Ft ,6 In |
| Size Irregular | 255.5 Ft X 509.32 Ft |
| Size Total Text | 255.5 Ft X 509.32 Ft |
| Zoning Description | R1-5 |
https://www.realtor.ca/real-estate/26885557/2946-lough-road-south-mountain-south-mountain
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May 13 2024 05:09:57
Rideau - St. Lawrence Real Estate Board
Century 21 River's Edge Ltd.