Exceptional opportunity for an investor looking to grow their portfolio with a cash positive investment. This Turn-Key property is located minutes from the 401, U.S. Bridge and Hwy. 416. Originally a motel, this commercially-built property was converted t a 7-Unit Residential Apartment Complex in the late 90's Preliminary approval in place for storage rental spaces. Upgraded septic and two wells service the property. Mechanical upgrades in the past 7 years include boiler systems, metal shingles and high efficiency propane furnaces in the last 7 years. Owner occupied unit will be vacant upon closing. Main building consists of 1-3 bedroom, 4-2 bedroom, 2-1 bedroom, detached garage and separate laundry. 3 of the 2 bedroom units have 2 baths, all other units have one bath. Plenty of parking and outdoor space for each tenant. (id:48744)
| MLS® Number | 40641111 |
| Property Type | Multi-family |
| AmenitiesNearBy | Shopping |
| CommunityFeatures | Quiet Area |
| ParkingSpaceTotal | 16 |
| BathroomTotal | 10 |
| BedroomsTotal | 13 |
| BasementType | None |
| ConstructedDate | 1962 |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Vinyl Siding |
| HeatingFuel | Propane |
| HeatingType | Forced Air, Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 6991 Sqft |
| UtilityWater | Well |
| Detached Garage |
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Shopping |
| Sewer | Septic System |
| SizeDepth | 323 Ft |
| SizeFrontage | 274 Ft |
| SizeTotalText | 1/2 - 1.99 Acres |
| ZoningDescription | Ru-3 |
https://www.realtor.ca/real-estate/27387251/2039-county-rd-44-road-spencerville
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