See all 21 photos
21 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$449,999
Est. payment /mo
6 Beds
4 Baths
3,000 SqFt
OPEN HOUSE
Sat Jun 28, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $149
Subdivision 605 - The Nation Municipality
MLS® Listing ID X12220567
Bedrooms 6
Half Baths 1
Source Cornwall & District Real Estate Board
Property Description
A must-see investment opportunity in the heart of St. Isidore, just 45 minutes from Ottawa or Cornwall. This well-maintained triplex is currently owner-occupied, generating a CAP rate of 2.04% with the potential to increase to 8.52% within the year. Unit A (owner-occupied) is a spacious 3+1 bedroom, 1.5 bath unit with ample storage, a partially finished basement, and a 1.5-car attached garage. Unit B is a 1-bedroom, 1-bath unit recently renovated throughout, excluding only the tub and built-in bathroom cabinets. Unit C offers a generous layout with 1 bedroom, an office, and a storage room. All tenants are A+ and maintain their units well. Over $40,000 in upgrades have been completed in the past five years, including a propane furnace and central air conversion (2020), metal roof on Unit A and flat roof on Unit C and garage (2021), thermal insulation in Unit C crawl space (2022), new windows in Units A & B, new exterior door and siding (Unit B), and a full interior renovation of Unit B with luxury vinyl plank flooring and updated kitchen (2023). Additional updates in (2024) include concrete work in the tunnel and garage north wall interior. In (2025), a new drop ceiling in Unit As basement, updated plumbing stack, taps, tub surround, and the north exterior concrete wall of the garage (to be completed prior to closing). Dont miss your chance to invest in a solid property with strong income potential and great long-term value. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 13
Private Pool No
Building
Story 1.5
Sewer Sanitary sewer
Read Less Info
Listed by EXIT REALTY SEAWAY
343 PRESTON STREET, 11TH FLOOR, OTTAWA, Ontario, K1S1N4