Discover a unique investment opportunity with this well-maintained legal non-conforming 7-plex, boasting a history of steady occupancy and satisfied residents. Currently, all tenants are aged 55+, fostering a peaceful and mature community. Each unit is rented on a month-to-month basis. This property has return on investment with a projected rental income of $80,388 per year and current expenses of $23,033.54 (2023). Conveniently, it offers seven parking spots and an outbuilding for additional storage, catering to tenant needs. Two units are intentionally kept vacant, offering immediate potential for new tenants or renovation. Owned by the same individual since 1998, the building has been meticulously cared for and upgraded over the years. Detailed floor plans, a comprehensive list of upgrades, and a breakdown of expenses and rents are available upon request. Don’t miss out on this rare opportunity to own a multi-family property in a desirable location. (id:4069)
| Address |
70 DUNDAS Street W |
| List Price |
$785,000 |
| Property Type |
Multi-family |
| Area |
Ontario |
| Sub-Area |
Napanee |
| Bedrooms |
11 |
| Bathrooms |
7 |
| Floor Area |
4,864 Sq. Ft. |
| MLS® Number |
40620551 |
| Listing Brokerage |
Re/Max Hallmark First Group Realty Ltd. Brokerage
|
| Basement Area |
Partial (Unfinished) |
| Postal Code |
K7R1Z8 |
| Zoning |
R4 |
| Site Influences |
Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping |
| Features |
Crushed stone driveway |
