For Sale Multi-Family

33 Lakeshore Drive

$1,100,000
South Dundas, Ontario K0C 1X0 MLS® X12956578
11 Bedrooms
6 Bathrooms
3,500 - 5,000 sqft Interior
4 Parking spaces
50 X 150 Ft Lot size
None Forced Air

About this home

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
X12956578
Property Type
Multi-family
Community Name
701 - Morrisburg
Amenities Near By
Schools
Community Features
School Bus
Parking Space Total
4

Building

Bathroom Total
6
Bedrooms Above Ground
11
Bedrooms Total
11
Amenities
Separate Electricity Meters
Appliances
Dryer, Stove, Two Washers, Refrigerator
Basement Development
Partially Finished
Basement Features
Separate Entrance
Basement Type
N/a (partially Finished), N/a
Cooling Type
None
Exterior Finish
Brick, Wood
Foundation Type
Stone
Heating Fuel
Natural Gas
Heating Type
Forced Air
Stories Total
3
Size Interior
3,500 - 5,000 Sqft
Type
Other
Utility Water
Municipal Water

Parking

No Garage

Land

Acreage
No
Land Amenities
Schools
Sewer
Sanitary Sewer
Size Depth
150 Ft
Size Frontage
50 Ft
Size Irregular
50 X 150 Ft
Size Total Text
50 X 150 Ft
Surface Water
Lake/pond
Zoning Description
R2

Monthly payment estimate

$
Estimated payment per month
Mortgage amount
Total interest

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