INVESTMENT OPPORTUNITY!! Multi-residential complex situated on just over 20 acres of land. This unique property features 6 freestanding residential buildings, including a 4-Plex, a single family home, and two prefab homes. Offering a 8.0% CAP RATE with further upside potential through expanded storage or pasture rental opportunities. The property is fully tenanted and self-managed, providing immediate and stable income. Ideally located just 1.5 km south of Cumberland, the residences are surrounded by mature maple trees, open pastures, and natural landscapes, creating a desirable rural setting for tenants. Additional features include a 40' x 150' gravel parking area, 2 drilled wells, 3 septic systems, and propane heating. Property being sold as-is, where-is. Contact for more details! (id:4069)
Address
1675 DUNNING ROAD
List Price
$1,599,900
Property Type
Multi-family
Type of Dwelling
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Bedrooms
19
Bathrooms
11
Lot Size
518.9 x 217.1 FT Sq. Ft.
Lot Depth
217 ft ,1 in
Frontage Length
518 ft ,10 in
MLS® Number
X13449798
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Basement Area
Full
Postal Code
K4C1L7
Parking Places (Total)
100
Heat Source
Electric, Propane
Heat Type
Forced air, Radiant heat
Sewer
Septic System
