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$499,000
Available - For Sale
Listing ID: X12242331
Unique Investment Opportunity - High ROI Potential in Moose Creek. Looking for an exceptional income-generating property? This massive residence in the heart of Moose Creek offers a rare chance to secure a high-return investment. Currently operating as a rooming house, the building features 13 spacious bedrooms and 6 bathrooms, with zoning approval in place for up to 19 residents. Commercial kitchen. Main floor is wheel chair accessible. Laundry room in basement. With projected monthly income ranging between $8,000 and $10,000, this property is ideal for investors seeking strong cash flow. Zoned as a Retirement Residence, it also holds potential for further development or use changes, subject to municipal approval. Please note: sprinkler installation would be required to comply with retirement residence standards. Set on a generous lot and ideally located just minutes from Highway 417, this property offers both convenience and opportunity. Whether you're expanding your portfolio or entering the multi-residential market, this one is not to be missed! Fully furnished.
Price $499,000
Taxes: $3,850
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 53 Labrosse Stre , North Stormont, K0C 1W0, Stormont, Dundas
Postal Code: K0C 1W0
Province/State: Stormont, Dundas
Directions/Cross Streets: Valley St
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Category: Apartment
Use: Other
Building Percentage: T
Total Area: 5,150
Total Area Code:  Square Feet
Franchise: F
Employees #: 0
 Management Expense: 0
Maintenance: 0
Water Expense: $1000
Expenses Actual/Estimated: $Est
Sprinklers: No
Outside Storage: F
Heat Type: Baseboard
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EXIT REALTY MATRIX

53 Labrosse Stre , North Stormont, K0C 1W0, Stormont, Dundas


 
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At a Glance:
Type: Com - Investment
Area: Stormont, Dundas and Glengarry
Municipality: North Stormont
Neighbourhood: 710 - Moose Creek
Style:
Lot Size: x 240.00(Feet)
Approximate Age:
Tax: $3,850
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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