Multi Unit Residential Buildings for Sale in Canada
53 Labrosse Street North Stormont, Ontario K0C 1W0
$499,000
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. (id:61635)
Property Details
| MLS® Number | X12242331 |
| Property Type | Multi-family |
| Community Name | 710 - Moose Creek |
| Farm Type | Other |
| Parking Space Total | 10 |
Building
| Bathroom Total | 6 |
| Appliances | Dryer, Freezer, Furniture, Microwave, Washer |
| Heating Type | Baseboard Heaters |
| Size Interior | 5,150 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 240 Ft |
| Size Frontage | 105 Ft |
| Size Irregular | 105 X 240 Ft |
| Size Total Text | 105 X 240 Ft |
| Zoning Description | C |
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June 24 2025 05:37:22
Cornwall & District Real Estate Board
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