2946 Lough Road South Mountain, Ontario K0E 1W0
$825,000
Introducing a Unique Opportunity: an apartment building featuring SEVEN fully rented units, plus the potential for FIVE additional units across the second and third floors. With all finished units currently occupied, you can start generating income immediately. The infrastructure for plumbing and electrical is already in place on the upper floors, making expansion straightforward. Also this 3 acre property in the heart of South Mountain may qualify to construct a separate multi-unit on it, pending zoning application approvals. Don’t wait—this is your chance to invest in the thriving real estate market! Note: Showings are not available after 5PM due to the upper floors being under construction. A confidentiality agreement (Form 560) must be signed before any financial information is disclosed. Video of Interior is virtually staged to show potential of unfinished units. Please respect the privacy of current tenants. Act quickly—this opportunity won’t last! (id:28469)
Property Details
| MLS® Number | 1415483 |
| Property Type | Multi-family |
| Neigbourhood | North Dundas |
| ParkingSpaceTotal | 15 |
Building
| ConstructedDate | 1924 |
| ExteriorFinish | Brick, Siding |
| HeatingFuel | Electric, Natural Gas |
| HeatingType | Baseboard Heaters, Radiant Heat |
| StoriesTotal | 3 |
| UtilityWater | Drilled Well |
Land
| Acreage | Yes |
| Sewer | Septic System |
| SizeDepth | 509 Ft ,4 In |
| SizeFrontage | 255 Ft ,6 In |
| SizeIrregular | 2.9 |
| SizeTotal | 2.9 Ac |
| SizeTotalText | 2.9 Ac |
| ZoningDescription | R1-5 |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 18 2024 05:10:44
Rideau - St. Lawrence Real Estate Board
Realty Executives Real Estate Ltd.