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Mehdi Teimouri

Broker
Right At Home Realty, Brokerage Independently owned and operated. 1550 16 ave, Richmond Hill , Ontario L4b 3k9 Cell: 647-989-2641Office: 905-695-7888Fax: 905-695-0900

$1,100,000
Available - For Sale
Listing ID: X12358958
16055 County Rd 36 Stre , South Stormont, K0C 1P0, Stormont, Dundas


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.
Price $1,100,000
Taxes: $6471.00
Assessment Year: 2024
Occupancy: Tenant
Address: 16055 County Rd 36 Stre , South Stormont, K0C 1P0, Stormont, Dundas
Directions/Cross Streets: Barnhart Dr
Rooms: 20
Rooms +: 10
Bedrooms: 8
Bedrooms +: 4
Family Room: F
Basement: Apartment
Washroom Type No. of Pieces Level
Washroom Type 1 3 Basement
Washroom Type 2 3 Second
Washroom Type 3 3 Third
Washroom Type 4 0
Washroom Type 5 0
Total Area: 0.00
Property Type: Multiplex
Style: 3-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 8
Pool: None
Approximatly Square Footage: 3500-5000
Property Features: Wooded/Treed
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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This calculator 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 AFFILIATES MARQUIS LTD.
Personal Picture
Mehdi Teimouri
Broker
Dir:
647-989-2641
Bus:
905-695-7888
Fax:
905-695-0900
 
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At a Glance:
Type: Freehold - Multiplex
Area: Stormont, Dundas and Glengarry
Municipality: South Stormont
Neighbourhood: 714 - Long Sault
Style: 3-Storey
Lot Size: x 262.73(Feet)
Approximate Age:
Tax: $6,471
Maintenance Fee: $0
Beds: 8+4
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
Locatin Map:
Payment Calculator:
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