Homes for sale - 16055 County Rd 36 ST, South Stormont, ON K0C 1P0 ...

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Ruth Pedrosa

ruth@rpdrealestate.com +1(416) 998-5478

$ 1,100,000

Est. payment | -/mo

12 Beds

6 Baths

Save

$ 1,100,000

Est. payment | -/mo

Save

12 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 714 - Long Sault

MLS Listing ID X12358958

Style 3-Storey

Bedrooms 12

Annual Tax Amount $6,471

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, providing ample opportunity for the new owner. 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 Other

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Porch

Pool None

Roof Type Asphalt Shingle

Lot Frontage 133.04

Lot Depth 262.73

Total Parking Spaces 8

Building

Unit Features Wooded/Treed

Foundation Poured Concrete

Listed by RE/MAX AFFILIATES MARQUIS LTD.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 998-5478

ruth@rpdrealestate.com

16055 County Rd 36 ST South Stormont, ON K0C 1P0