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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 701 - Morrisburg
MLS Listing ID X12956576
Annual Tax Amount $4,126
Tax Year 2025
Property Sub-Type Investment
Property Description
Well-maintained 6-unit investment property located in Morrisburg, featuring five bright 2-bedroom units and one 1-bedroom unit. Each unit offers comfortable living space with functional layouts, appealing to a wide range of tenants. The building includes on-site laundry for added convenience. Situated in a desirable and growing community, this property presents a solid opportunity for investors seeking steady income with long-term potential and upside. The property generates a current gross income of $92,376 with a net operating income (NOI) of $71,626, reflecting a strong cap rate of 6.51%.Please see attachment for detailed rent roll, income, and expense information.
Location
State ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Zoning R2
Interior
Cooling No
Inclusions 6 fridge, 6 stove, 2 washer, 2 dryer
Exterior
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 150.0
Others
ParcelsYN No
Listed by LOTFUL REALTY