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
$3,750,000
Available - For Sale
Listing ID: X12693134
73 & 75 Kenyon Street East , North Glengarry, K0C 1A0, Stormont, Dundas
| Attention Investors!! Welcome to 73 and 75 Kenyon Street East in Alexandria, a rare opportunity to acquire two modern 8-unit buildings being sold together as a 16-unit multi-residential package. The buildings are located on two separately described parcels and share a common parking area, allowing them to be managed together efficiently under one ownership. Each building features spacious two-bedroom units with private exterior entrances and individual balconies or terraces, a highly desirable layout that appeals to today's tenants and minimizes common area maintenance. The units are bright, functional, and designed for long-term durability. Each suite is equipped with its own forced air natural gas furnace and electric hot water tank, with tenants paying all utilities and supplying their own appliances, with the exception of the over-the-range microwave, resulting in lower operating costs and reduced long-term maintenance for ownership. Constructed in 2018, these purpose-built buildings offer modern construction, energy efficiency, and low ongoing capital requirements. Located in the growing market of Alexandria, the property benefits from a stable local economy supported by agriculture, manufacturing, healthcare, education, retail, and transportation, with convenient access to surrounding communities. As tenancies turn over, there is potential for future rent increases, making this a compelling modern multi-residential investment with long-term upside. |
| Price | $3,750,000 |
| Taxes: | $18149.10 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 73 & 75 Kenyon Street East , North Glengarry, K0C 1A0, Stormont, Dundas |
| Postal Code: | K0C 1A0 |
| Province/State: | Stormont, Dundas |
| Legal Description: | PART LOT 37 CON 2 LOCHIEL PART 1 PLAN 14 |
| Directions/Cross Streets: | Corner of Bishop & Kenyon Street East |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 13 To 20 Units |
| Building Percentage: | T |
| Total Area: | 34186.00 |
| Total Area Code: | Square Feet |
| Management Expense: | 11287 |
| Net Income Before Debt: | $204845 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Outside Storage: | F |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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Mehdi Teimouri
Broker
Dir:
647-989-2641
Bus:
905-695-7888
Fax:
905-695-0900
| Virtual Tour | Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Stormont, Dundas and Glengarry |
| Municipality: | North Glengarry |
| Neighbourhood: | 719 - Alexandria |
| Tax: | $18,149.1 |
| Fireplace: | N |
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