Discover a prime investment opportunity in Lancaster! This property features two 6-plex units. Unit 1 built in 2021 and Unit 2 built in 2023. All 12 apartments are 2-bedroom units, each with washer/dryer hook ups, gas heating, and private parking. Tenants pay their utilities. Located 1hrs from downtown Montreal and 1.5hrs from Ottawa, and 20 minutes to Cornwall. This well-maintained building promises steady income and long-term appreciation. Don't miss this investment opportunity! Call today to book your showing. 48hrs notice for all showings. |
Price | $2,795,000 |
Taxes: | $24156.00 |
Occupancy by: | Tenant |
Address: | 10 VICTORIA St , South Glengarry, K0C 1N0, Ontario |
Postal Code: | K0C 1N0 |
Province/State: | Ontario |
Legal Description: | LT 8 RCP 145, PT 1, 14R6425 SUBJECT TO A |
Lot Size: | 131.88 x 215.48 (Feet) |
Directions/Cross Streets: | From 401 exit at Lancaster. Drive North on Hwy 34 approx 1KM. Turn West onto Cty Rd 17. Drive .01KM |
Category: | Apartment |
Insurance Expense: | $8519 |
Water Expense: | $3672 |
Gross Income/Sales: | $215400 |
Operating Expenses: | $40447 |
Net Income Before Debt: | $174953 |
Heat Type: | Forced Air |
Central Air Conditioning: | Central Air |
Sewers: | Sewers |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RE/MAX AFFILIATES MARQUIS LTD. |
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Type: | Com - Investment |
Area: | Stormont, Dundas and Glengarry |
Municipality: | South Glengarry |
Neighbourhood: | 722 - Lancaster |
Lot Size: | 131.88 x 215.48(Feet) |
Tax: | $24,156 |