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$ 499,000
Est. payment /mo
New
53 Labrosse ST North Stormont, ON K0C 1W0
6 Baths
5,150 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,150 sqft
Price per Sqft $96
Subdivision 710 - Moose Creek
MLS Listing ID X12242331
Annual Tax Amount $3,850
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Stormont, Dundas And Glengarry
Community 710 - Moose Creek
Area Stormont, Dundas And Glengarry
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 105.0
Lot Depth 240.0
Others
Security Features No
Listed by EXIT REALTY MATRIX