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$389,900
Est. payment /mo
765 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 765 sqft
Price per Sqft $509
MLS Listing ID X12267547
Annual Tax Amount $2,084
Tax Year 2024
Property Sub-Type Investment
Lot Depth 312.69
Lot Front 168.89
Property Description
An excellent investment opportunity awaits with this rare, multi-unit setup on 2.38 acres backing onto the Trans Canada Trail. The property features two separate dwellings, offering strong income potential and flexibility for a variety of strategies. The main house is freshly painted, vacant, and move-in ready ideal for attracting quality tenants or for an owner-occupier looking to offset mortgage costs. It includes 3 bedrooms, a 4-piece bath, propane furnace (2017), and a mix of laminate, hardwood, and tile flooring. A usable crawl space with laundry hookups and a separate entrance adds utility and potential. The second building is a fully tenanted duplex, consisting of a 2-bedroom unit and a 1-bedroom unit each with separate hydro meters and electric baseboard heating. A detached garage is also included; while it requires some TLC, it offers value-add potential as storage or workshop space. With two wells and two septic systems (both recently pumped in November 2023), this property is well-equipped to support multi-tenant occupancy. Whether you're looking for steady cash flow, a live-and-rent scenario, or a long-term hold with room for improvement, this property offers a strong foundation for your investment portfolio.
Location
Province ON
County Lennox & Addington
Area Lennox & Addington
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 168.89
Lot Depth 312.69
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Listed by ROYAL LEPAGE PROALLIANCE REALTY