120 Military Road South Glengarry, Ontario K0C 1N0
$1,899,000
An entire 12-unit apartment-style condominium building offering multiple strategies for the savvy investor. Each unit is a fully registered 2-bedroom condo with parking, providing the option to hold as a single income-generating asset or sell units individually for future profit. Currently generating solid rental income, with 2 vacant units offering immediate upside through lease-up or strategic improvements.This is a high-performing property in a strong rental market with steady demand and room to grow. Each condo has in-unit laundry, aside from the 4 basement units which share a coin laundry room (bringing in additional passive income) All major capital components are in good condition, and the building has been well-maintained. With projected market rents of $1,550 per unit, the building supports a potential cap rate of nearly 10%.Whether youre looking to build long-term wealth, set up a retirement plan, or scale your real estate portfolio, this property checks all the boxes. Condo fees and individual unit titles offer flexibility and ease of management.Vendor Financing (VTB) available, making this opportunity even more attractive for buyers looking to maximize leverage and returns.Contact us today for full financials and to schedule a private tour. (id:50886)
Property Details
| MLS® Number | X12265766 |
| Property Type | Multi-family |
| Community Name | 724 - South Glengarry (Lancaster) Twp |
Building
| Heating Type | Baseboard Heaters |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 86 Ft ,7 In |
| Size Frontage | 136 Ft ,10 In |
| Size Irregular | Bldg=136.88 X 86.59 Ft |
| Size Total Text | Bldg=136.88 X 86.59 Ft |
| Zoning Description | Residential (r4) |
Contact Us
Contact us for more information
Heather Ouderkirk
Broker
649 Second St E
Cornwall, Ontario K6H 1Z7
(613) 938-8100
(613) 938-3295
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®)
July 06 2025 02:32:54
Cornwall & District Real Estate Board
RE/MAX Affiliates Marquis Ltd.