$499,000
Available - For Sale
Listing ID: X12242331
53 Labrosse Stre , North Stormont, K0C 1W0, Stormont, Dundas
| Unique Investment Opportunity - High ROI Potential in Moose Creek. Looking for an exceptional income-generating property? This massive residence in the heart of Moose Creek offers a rare chance to secure a high-return investment. Currently operating as a rooming house, the building features 13 spacious bedrooms and 6 bathrooms, with zoning approval in place for up to 19 residents. Commercial kitchen. Main floor is wheel chair accessible. Laundry room in basement. With projected monthly income ranging between $8,000 and $10,000, this property is ideal for investors seeking strong cash flow. Zoned as a Retirement Residence, it also holds potential for further development or use changes, subject to municipal approval. Please note: sprinkler installation would be required to comply with retirement residence standards. Set on a generous lot and ideally located just minutes from Highway 417, this property offers both convenience and opportunity. Whether you're expanding your portfolio or entering the multi-residential market, this one is not to be missed! Fully furnished. |
| Price | $499,000 |
| Taxes: | $3850.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 53 Labrosse Stre , North Stormont, K0C 1W0, Stormont, Dundas |
| Postal Code: | K0C 1W0 |
| Province/State: | Stormont, Dundas |
| Directions/Cross Streets: | Valley St |
| 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: | Other |
| Building Percentage: | T |
| Total Area: | 5150.00 |
| Total Area Code: | Square Feet |
| Franchise: | F |
| Employees #: | 0 |
| Management Expense: | 0 |
| Water Expense: | $1000 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 6 |
| Outside Storage: | F |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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Nikki Shahebrahim
Broker
Dir:
647-830-7200
Bus:
905-597-0800
Fax:
905-597-0868
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Stormont, Dundas and Glengarry |
| Municipality: | North Stormont |
| Neighbourhood: | 710 - Moose Creek |
| Tax: | $3,850 |
| Baths: | 6 |
| Fireplace: | N |
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