2039 County Rd 44 Road Spencerville, Ontario K0E 1X0
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$1,275,000
Exceptional opportunity for an investor looking to grow their portfolio with a cash positive investment. This Turn-Key property is located minutes from the 401, U.S. Bridge and Hwy. 416. Originally a motel, this commercially-built property was converted t a 7-Unit Residential Apartment Complex in the late 90's Preliminary approval in place for storage rental spaces. Upgraded septic and two wells service the property. Mechanical upgrades in the past 7 years include boiler systems, metal shingles and high efficiency propane furnaces in the last 7 years. Owner occupied unit will be vacant upon closing. Main building consists of 1-3 bedroom, 4-2 bedroom, 2-1 bedroom, detached garage and separate laundry. 3 of the 2 bedroom units have 2 baths, all other units have one bath. Plenty of parking and outdoor space for each tenant. (id:28302)
Property Details
| MLS® Number | 40641111 |
| Property Type | Multi-family |
| Amenities Near By | Shopping |
| Community Features | Quiet Area |
| Parking Space Total | 16 |
Building
| Bathroom Total | 10 |
| Bedrooms Total | 13 |
| Basement Type | None |
| Constructed Date | 1962 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Heating Fuel | Propane |
| Heating Type | Forced Air, Radiant Heat |
| Stories Total | 2 |
| Size Interior | 6991 Sqft |
| Utility Water | Well |
Parking
| Detached Garage |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Shopping |
| Sewer | Septic System |
| Size Depth | 323 Ft |
| Size Frontage | 274 Ft |
| Size Total Text | 1/2 - 1.99 Acres |
| Zoning Description | Ru-3 |
https://www.realtor.ca/real-estate/27387251/2039-county-rd-44-road-spencerville
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September 09 2024 09:13:29
Kingston & Area Real Estate Association
RE/MAX Hallmark First Group Realty Ltd. Brokerage