2039 County Rd 44 Road , Spencerville, ON K0E 1X0
Spencerville, ON K0E 1X0
Description
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.
Details
| MLS# | 40641111 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 35 |
| Listing Provided By | Re/Max Hallmark First Group Realty Ltd. Brokerage | Jackie Blakney |
Features
| Bed(s) | 13 |
|---|---|
| Bath(s) | 10 |
| SQ Feet | 6,991 |
| Garage | 1 |
| Story(s) | 2 |
| Units | 7 |
| Zoning | RU-3 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Leeds and Grenville |
| City | Spencerville |
| Postal Code | K0E 1X0 |
| Area | Edwardsburgh | Cardinal |
| Subarea | Edwardsburgh | Cardinal |
| Community Name | Edwardsburgh/Cardinal |
| Listing VS Median (in Edwardsburgh/Cardinal) | |
Price: $1,149,000 low | high Med: $1,149,000 SqFt: 6,991 low | high Med: 6,991 $ / SqFt: $164 low | high Med: $164 On Site: 35 low | high Med: 35.000000 | |