Primary photo of 33 LAKESHORE DRIVE, South Dundas
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Multi-Family For Sale

$1,100,000

MLS® Number: X12956576

Floor Area

8,202

33 LAKESHORE DRIVE, South Dundas, Ontario

About This Property

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 gross income of $92,376 with a net operating income (NOI) of $71,626, reflecting a strong cap rate of 6.51%.Please see attachment for detailed rent roll, income, and expense information.

Property Details

Interior Details

Appliances

Dryer, Two Washers

Cooling

None

Heating

Forced air, Natural gas

Living Area

8202 sqft

Building & Exterior

Building Area Total

8202.09

Building Area Units

square feet

Land & Location

City Region

701 - Morrisburg

Frontage Length

50.0 feet

Lot Size Dimensions

Bldg=50 x 150 FT

Postal Code

K0C1X0

Listing & Financials

Listing Office

LOTFUL REALTY

Originating System Name

Ottawa Real Estate Board

Other Specifications

Country

Canada

Mortgage Calculator

20% ($220,000)
5.5%
25 Years

Estimated Monthly Payment

$5,404

Principal and interest only. Actual rates may vary.

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