2039 COUNTY RD 44 Road

Spencerville, Ontario, K0E1X0, Canada

$1,149,000

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.

Last updated on : Friday 4th of October 2024 12:50:48 PM

ADDRESS

Street : 2039 COUNTY RD 44 Road

City : Spencerville

Province : Ontario

Country : Canada

Postal Code : K0E1X0

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PROPERTY SUMMARY

Property ID : 40641111

Property Type : Multi-family

Bedrooms : 13

Bathrooms : 10

Parking : 16

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Judy Dennee
1 month ago

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