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$ 1,100,000
Est. payment /mo
Active
33 LAKESHORE DRIVE South Dundas, ON K0C1X0
11 Beds
6 Baths
3,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500 - 5000
Square Footage 3,500 sqft
Price per Sqft $314
Subdivision 701 - Morrisburg
MLS® Listing ID X12956578
Bedrooms 11
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 annual income of $96,433 with a net operating income (NOI) of $72,790 , reflecting a strong cap rate of 6.62%.Please see attachment for detailed rent roll, income, and expense information. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling None
Exterior
Parking Features No
Community Features School Bus
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage No
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Listed by LOTFUL REALTY
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