$1,350,000
Available - For Sale
Listing ID: X11937880
2084 DUNDAS St , Edwardsburgh/Cardinal, K0E 1E0, Ontario
| Welcome to 2084 Dundas, a meticulously maintained and recently renovated CASH COW. Grossing over $10,000 per month we are offering this gem at a PHENOMENAL CAP RATE of 6.16%. This property is just over 1/2 an acre and pending township approval, it has the potential to either add more units or split some big units, into additional dwellings. Two massive units per floor, one per side and an oversized unit in the rear addition, which used to be the grand banquet hall of a hotel. The front building used to be that hotel so you'll find a 400amp service for the front 6 units and a 200 amp service for the rear unit. One of the best parts of this building is the majority of the tenants have taken significant pride in upkeeping the units as if their own, as you will see in both photos or when you visit. Located a mere 300 metres from the St. Lawrence River, under 1 hour to Ottawa and 12 minutes to Prescott or the US border, this property is not to be overlooked! |
| Price | $1,350,000 |
| Taxes: | $5859.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 2084 DUNDAS St , Edwardsburgh/Cardinal, K0E 1E0, Ontario |
| Postal Code: | K0E 1E0 |
| Province/State: | Ontario |
| Legal Description: | PT LT 312 PL 25 DESIGNATED AS PTS 1, 2, |
| Lot Size: | 73.00 x 249.00 (Feet) |
| Directions/Cross Streets: | Hwy 401 to Cardinal. Exit at Shanley Road #22 From Hwy #22 continue onto Dundas Street. Property wil |
| Category: | Apartment |
| Building Percentage: | Y |
| Total Area: | 4000.00 |
| Total Area Code: | Sq Ft |
| Chattels: | Y |
| Taxes Expense: | $5859 |
| Insurance Expense: | $8700 |
| Heat Expenses: | $2200 |
| Hydro Expense: | $15000 |
| Water Expense: | $7200 |
| Gross Income/Sales: | $122173 |
| Net Income Before Debt: | $83213 |
| Expenses Actual/Estimated: | $Act |
| Volts: | 400 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Part |
| Water: | Municipal |
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| RE/MAX HALLMARK REALTY GROUP |
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Arthur Sercan & Jenny Spanos
Sales Representative
Dir:
416-723-4688
Bus:
416-445-8855
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At a Glance:
| Type: | Com - Investment |
| Area: | Leeds and Grenville |
| Municipality: | Edwardsburgh/Cardinal |
| Neighbourhood: | 806 - Town of Cardinal |
| Lot Size: | 73.00 x 249.00(Feet) |
| Tax: | $5,859 |
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