INVESTMENT OPPORTUNITY!! Multi-residential complex situated on just over 20 ACRES of land. This unique property features 6 freestanding residential buildings, including a 4-Plex, a single family home, and two prefab homes. Offering a 8.5% CAP RATE with further upside potential through expanded storage or pasture rental opportunities. The property is fully tenanted and self-managed, providing immediate and stable income. Ideally located just 1.5 km south of Cumberland, the residences are surrounded by mature maple trees, open pastures, and natural landscapes, creating a desirable rural setting for tenants. Additional features include a 40' x 150' gravel parking area, 2 drilled wells, 3 septic systems, and propane heating. Property being sold as-is, where-is. Contact for more details! (id:28469)
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Facts & features
Property
MLS® Number
X13449798
Property Type
Multi-family
Community Name
1116 - Cumberland West
Equipment Type
Water Heater, Furnace
Parking Space Total
100
Pool Type
Above Ground Pool
Rental Equipment Type
Water Heater, Furnace
Building
Bathroom Total
11
Bedrooms Above Ground
19
Bedrooms Total
19
Basement Type
Full
Heating Fuel
Electric, Propane
Heating Type
Forced Air, Radiant Heat
Size Interior
0 - 699 Sqft
Type
Other
Parking
Other
—
Garage
—
Land
Acreage
Yes
Sewer
Septic System
Size Depth
217 Ft ,1 In
Size Frontage
518 Ft ,10 In
Size Irregular
518.9 X 217.1 Ft
Size Total Text
518.9 X 217.1 Ft|10 - 24.99 Acres
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$6,641/mo
Ontario land transfer tax
$26,473 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.