Description

 Price: $ 1,100,000.00 MLS^®: X12956576         Location : 33 lakeshore Drive, South Dundas, ON K0C 1X0

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 Description

South from Ottawa (Bank St/Hwy 31) to Morrisburg - proceed through traffic circle and west on Lakeshore. SP on South side of Lakeshore.

Property Details

• Community: 701 - Morrisburg
• Property Type: Tenant/Commercial
• Garages: None

Building Features

Features

• Heating: Gas Forced Air Closed