2039 County Rd 44 Road Spencerville, Ontario K0E 1X0
$1,275,000
Exceptional opportunity for an investor looking to grow their portfolio with a cash positive investment. This Turn-Key property is located minutes from the 401, U.S. Bridge and Hwy. 416. Originally a motel, this commercially-built property was converted t a 7-Unit Residential Apartment Complex in the late 90's Preliminary approval in place for storage rental spaces. Upgraded septic and two wells service the property. Mechanical upgrades in the past 7 years include boiler systems, metal shingles and high efficiency propane furnaces in the last 7 years. Owner occupied unit will be vacant upon closing. Main building consists of 1-3 bedroom, 4-2 bedroom, 2-1 bedroom, detached garage and separate laundry. 3 of the 2 bedroom units have 2 baths, all other units have one bath. Plenty of parking and outdoor space for each tenant. (id:50886)
Property Details
| MLS® Number | 40641111 |
| Property Type | Multi-family |
| AmenitiesNearBy | Shopping |
| CommunityFeatures | Quiet Area |
| ParkingSpaceTotal | 16 |
Building
| BathroomTotal | 10 |
| BedroomsTotal | 13 |
| BasementType | None |
| ConstructedDate | 1962 |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Vinyl Siding |
| HeatingFuel | Propane |
| HeatingType | Forced Air, Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 6991 Sqft |
| UtilityWater | Well |
Parking
| Detached Garage |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Shopping |
| Sewer | Septic System |
| SizeDepth | 323 Ft |
| SizeFrontage | 274 Ft |
| SizeTotalText | 1/2 - 1.99 Acres |
| ZoningDescription | Ru-3 |
https://www.realtor.ca/real-estate/27387251/2039-county-rd-44-road-spencerville
Interested?
Contact us for more information
Jackie Blakney
Broker
218-1154 Kingston Rd
Pickering, Ontario L1V 3B4
Wanda Blakney
Salesperson
218-1154 Kingston Rd
Pickering, Ontario L1V 3B4
David Hounsome
Broker
218-1154 Kingston Rd
Pickering, Ontario L1V 3B4
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 09 2024 06:14:18
Kingston & Area Real Estate Association
RE/MAX Hallmark First Group Realty Ltd. Brokerage