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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 607 - Clarence/Rockland Twp
MLS Listing ID X13050710
Annual Tax Amount $6,605
Tax Year 2026
Property Sub-Type Investment
Property Description
Welcome to 3874 Champlain Street. 6.8% CAP! This well-maintained 7-UNIT multi-residential property on 0.648 acres of land offers a strong investment opportunity with stable income and long-term potential and is offered at only $117,000/unit. The building consists of six (6) 2-bedroom units and one (1) 3-bedroom unit, all currently tenanted. Extensive updates have been completed, including a new roof (2023) and siding, updated plumbing and electrical systems, upgraded septic system (2012), and the installation of a new boiler along with tankless hot water systems. The property features a large timber frame foundation and operates on a single hydro meter. Six (6) storage lockers are included for tenant use. This offering presents a solid income-generating asset and is well-suited for investors seeking a turnkey, fully leased multi-unit property. Opportunity exists to increase revenues and further enhance returns through rental optimization!
Location
State ON
County Prescott And Russell
Area Prescott And Russell
Zoning 7.1.3
Interior
Cooling Yes
Inclusions Appliances in unit G
Exterior
Utilities Available Yes
Lot Frontage 134.0
Lot Depth 209.0
Others
ParcelsYN No
Listed by ROYAL LEPAGE INTEGRITY REALTY