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$ 1,100,000
Est. payment /mo
Active
33 lakeshore DR South Dundas, ON K0C 1X0
11 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 701 - Morrisburg
MLS Listing ID X12956578
Style 2 1/2 Storey
Bedrooms 11
Annual Tax Amount $4,126
Tax Year 2025
Property Sub-Type Multiplex
Lot Depth 150.0
Lot Front 50.0
Property Description
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 annual income of $96,433 with a net operating income (NOI) of $72,790 , reflecting a strong cap rate of 6.62%.Please see attachment for detailed rent roll, income, and expense information.
Location
Province ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Partially Finished, Separate Entrance
Kitchen 6
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 150.0
Total Parking Spaces 4
Building
Unit Features Lake/Pond,School,School Bus Route
Foundation Stone
Others
ParcelsYN No
Listed by LOTFUL REALTY
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