53 Labrosse Street, North Stormont, ON K0C 1W0

North Stormont K0C 1W0 Ontario

MLS: X12242331

$499,000

Added 48 days ago | For Sale

Listed by: EXIT REALTY MATRIX

About Property

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.

Features

  • House Style:Investment
  • Bathrooms:6
  • Land Size: 105 X 240
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Valley St
  • Basement: ,
  • Possession Date:Quick
  • Annual Property taxes: $3850
  • Bedrooms:
  • Total Parking Spaces:10
  • Parking Places:10
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12242331

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