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 8.0% 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
X13449792
Property Type
Multi-family
Community Name
1116 - Cumberland West
Equipment Type
Water Heater, Furnace
Rental Equipment Type
Water Heater, Furnace
Building
Cooling Type
Partially Air Conditioned
Size Interior
20 Acres
Type
Multi-family
Parking
Other
—
Land
Acreage
Yes
Sewer
Septic System
Size Depth
217 Ft
Size Frontage
518 Ft ,10 In
Size Irregular
20.34
Size Total
20.34 Ac
Size Total Text
20.34 Ac
Zoning Description
Ag3
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.