LOADING

1675 Dunning Road Cumberland, Ontario K4C 1L7

Forced Air, Radiant Heat Acreage

$1,999,900

INVESTMENT OPPORTUNITY!! Multi-Residential complex situated on just OVER 20 ACRES of Land. This property features 6 Freestanding Residential Buildings, a 5plex, Single home, and 2 Prefab homes. Along with rental income from a Log Shack, Barn and 4 Rental Spaces used for storage and RV. CAP Rate of 6.49% with OPPORTUNITY of additional rental income from storage or pasture land. Fully Tenanted and self managed property. Located just 1.5KM south of Cumberland. The residences are Surrounded by Mature Maple Trees, Pastures, and nature. In the back, there is a 40'x150' gravel parking area. 2 Drilled Wells, 3 Septic Systems, Propane Sourced Heating. VTB Available, CALL FOR MORE DETAILS! (id:28469)

Photos

Property Details

MLS® Number 1389862
Property Type Multi-family
Neigbourhood Cumberland West
ParkingSpaceTotal 50

Building

HeatingFuel Propane
HeatingType Forced Air, Radiant Heat
StoriesTotal 2
UtilityWater Drilled Well

Land

Acreage Yes
Sewer Septic System
SizeDepth 1217 Ft ,1 In
SizeFrontage 518 Ft ,11 In
SizeIrregular 20.37
SizeTotal 20.37 Ac
SizeTotalText 20.37 Ac
ZoningDescription Ag3
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May 08 2024 08:11:44

Ottawa Real Estate Board

RE/MAX Hallmark Realty Group