6 Bathroom
5,150 ft2
Baseboard Heaters
$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. (id:57557)
Property Details
MLS® Number
|
X12242331 |
Property Type
|
Multi-family |
Community Name
|
710 - Moose Creek |
Farm Type
|
Other |
Parking Space Total
|
10 |
Building
Bathroom Total
|
6 |
Appliances
|
Dryer, Freezer, Furniture, Microwave, Washer |
Heating Type
|
Baseboard Heaters |
Size Interior
|
5,150 Ft2 |
Type
|
Multi-family |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Size Depth
|
240 Ft |
Size Frontage
|
105 Ft |
Size Irregular
|
105 X 240 Ft |
Size Total Text
|
105 X 240 Ft |
Zoning Description
|
C |
https://www.realtor.ca/real-estate/28514018/53-labrosse-street-north-stormont-710-moose-creek