ON > South Stormont > 714 - Long Sault
South Stormont, ON K0C 1P0,16055 County Rd 36 RD
South Stormont, ON K0C 1P0,16055 County Rd 36 RD
South Stormont, ON K0C 1P0,16055 County Rd 36 RD
South Stormont, ON K0C 1P0,16055 County Rd 36 RD
South Stormont, ON K0C 1P0,16055 County Rd 36 RD
South Stormont, ON K0C 1P0,16055 County Rd 36 RD
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Mahesh Khatri

Mahesh Khatri

+1(416) 464-6568
$ 1,500,000
Est. payment | /mo

12 Beds

6 Baths

Save
$ 1,500,000
Est. payment | /mo
Save

12 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Subdivision 714 - Long Sault

MLS Listing ID X11998140

Style 3-Storey

Bedrooms 12

Annual Tax Amount $6,982

Tax Year 2024

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Stormont, Dundas And Glengarry

Community 714 - Long Sault

Area Stormont, Dundas And Glengarry

Rooms

Family Room No

Basement Apartment

Kitchen 6

Separate Den/Office 4

Interior

Interior Features Separate Hydro Meter, Water Meter

Cooling Central Air

Exterior

Exterior Feature Patio

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 133.04

Lot Depth 262.73

Total Parking Spaces 10

Building

Foundation Poured Concrete

Others

Senior Community No

Listed by KELLER WILLIAMS INTEGRITY REALTY
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

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16055 County Rd 36 RD