Multi-family For Sale
$1,100,000
MLS® Number: X12956578
Bedrooms
11
Bathrooms
6
Multi-family For Sale
$1,100,000
Bedrooms
11
Bathrooms
6
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
Refrigerator, Stove, Dryer, Two Washers
Basement
Partially finished, Separate entrance, N/A, N/A
Bathrooms Total
6
Bedrooms Total
11
Cooling
None
Heating
Forced air, Natural gas
Building & Exterior
Building Features
Separate Electricity Meters
Exterior Features
Wood, Brick
Foundation Details
Stone
Parking Features
No Garage
Stories
2.5
Land & Location
City Region
701 - Morrisburg
Community Features
School Bus
Frontage Length
50.0 feet
Lot Size Dimensions
50 x 150 FT
Postal Code
K0C1X0
Listing & Financials
Listing Office
LOTFUL REALTY
Originating System Name
Ottawa Real Estate Board
Other Specifications
Country
Canada
Parking Total
4
Listed By
LOTFUL REALTY
Mortgage Calculator
Estimated Monthly Payment
$5,404
Principal and interest only. Actual rates may vary.
Mortgage Calculator
Estimated Monthly Payment
$5,404
Principal and interest only. Actual rates may vary.
