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 9.7K/month, annual income of $116.2K with a net operating income (NOI) of $105K, reflecting a strong cap rate of 9.5%. Please see attachment for detailed rent roll, income, and expense information. (id:28469)
Facts & features
Property
MLS® Number
X12956576
Property Type
Multi-family
Community Name
701 - Morrisburg
Building
Appliances
Dryer, Two Washers
Cooling Type
None
Heating Fuel
Natural Gas
Heating Type
Forced Air
Size Exterior
8202.09 Sqft
Size Interior
8,202 Sqft
Type
Multi-family
Utility Water
Municipal Water
Land
Acreage
No
Size Depth
150 Ft
Size Frontage
50 Ft
Size Irregular
Bldg=50 X 150 Ft
Size Total Text
Bldg=50 X 150 Ft
Zoning Description
R2
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.
Location
33 Lakeshore Drive, South Dundas, Ontario K0C 1X0 ·
Get directions