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$1,999,900
Available - For Sale
Listing ID: X9515100
INVESTMENT OPPORTUNITY!! Multi-Residential complex situated on just OVER 20 ACRES of Land. This property features 6 Freestanding Residential Buildings, a 5plex, Single home, and 2 Prefab homes. Along with rental income from a Log Shack, Barn and 4 Rental Spaces used for storage and RV. CAP Rate of 6.49% with OPPORTUNITY of additional rental income from storage or pasture land. Fully Tenanted and self managed property. Located just 1.5KM south of Cumberland. The residences are Surrounded by Mature Maple Trees, Pastures, and nature. In the back, there is a 40'x150' gravel parking area. 2 Drilled Wells, 3 Septic Systems, Propane Sourced Heating. VTB Available, CALL FOR MORE DETAILS!
Price $1,999,900
Taxes: $5,908
Occupancy by: Tenant
Address: 1675 DUNNING Rd , Orleans - Cumberland and Area, K4C 1L7, Ontario
Postal Code: K4C 1L7
Province/State: Ontario
Legal Description: PT LT B CON 4 CUMBERLAND PTS 1, 2 & 3, 4
Lot Size: 518.9 x 1,217.05 (Feet)
Directions/Cross Streets: From the town of Cumberland take Old Montreal Road, then south onto Dunning Road. About 2.5KM south,
Zoning: AG3
Category: Apartment
Insurance Expense: $7800
Water Expense: $960
Gross Income/Sales: $167868
Operating Expenses: $38017
Net Income Before Debt: $128938
Heat Type: Radiant
Sewers: Septic
Water: Well
Water Supply Types: Drilled Well
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This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK REALTY GROUP

1675 DUNNING Rd , Orleans - Cumberland and Area, K4C 1L7, Ontario

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Freda Ziba
Sales Representative
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647-997-2120
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905-764-7111
Fax:
905-764-1274

 
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Type: Com - Investment
Area: Ottawa
Municipality: Orleans - Cumberland and Area
Neighbourhood: 1116 - Cumberland West
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Lot Size: 518.90 x 1217.05(Feet)
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Tax: $5,908
Maintenance Fee: $0
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Freda Ziba
Century 21, Heritage Group LTD. , Brokerage
7330 Yonge Street
Thornhill , ON , L4J7Y7
 CONTACT FREDA ZIBA
Cell: 647-997-2120
Office: 905-764-7111
Email: fzibahomes@gmail.com