53 LABROSSE STREET

North Stormont, , K0C1W0, Canada

$499,000

Unique Investment Opportunity - High ROI Potential in Moose Creek. Looking for an exceptional income-generating property? This massive residence in the heart of Moose Creek offers a rare chance to secure a high-return investment. Currently operating as a rooming house, the building features 13 spacious bedrooms and 6 bathrooms, with zoning approval in place for up to 19 residents. Commercial kitchen. Main floor is wheel chair accessible. Laundry room in basement. With projected monthly income ranging between $8,000 and $10,000, this property is ideal for investors seeking strong cash flow. Zoned as a Retirement Residence, it also holds potential for further development or use changes, subject to municipal approval. Please note: sprinkler installation would be required to comply with retirement residence standards. Set on a generous lot and ideally located just minutes from Highway 417, this property offers both convenience and opportunity. Whether you're expanding your portfolio or entering the multi-residential market, this one is not to be missed! Fully furnished.

EXTRAS: Washer, Dryer, Microwave, Freezer, Furniture

Last updated on : Wednesday 23rd of July 2025 01:46:03 PM

ADDRESS

Street : 53 LABROSSE STREET

City : North Stormont

Country : Canada

Postal Code : K0C1W0

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PROPERTY SUMMARY

Property ID : X12242331

Building Type : Multi-Family

Property Type : Multi-family

Bathrooms : 6

Parking : 10

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