Description

 Price: $ 819,000.00 MLS^®: X13050710         Location : 3874 Champlain Road, Clarence-Rockland, ON K0A 1E0

Welcome to 3874 Champlain Street. 6.8% CAP! This well-maintained 7-UNIT multi-residential property on 0.648 acres of land offers a strong investment opportunity with stable income and long-term potential and is offered at only $117,000/unit. The building consists of six (6) 2-bedroom units and one (1) 3-bedroom unit, all currently tenanted. Extensive updates have been completed, including a new roof (2023) and siding, updated plumbing and electrical systems, upgraded septic system (2012), and the installation of a new boiler along with tankless hot water systems. The property features a large timber frame foundation and operates on a single hydro meter. Gas & water one meter. Six (6) storage lockers are included for tenant use. This offering presents a solid income-generating asset and is well-suited for investors seeking a turnkey, fully leased multi-unit property. Opportunity exists to increase revenues and further enhance returns through rental optimization!

Location Description

Champlain / Potvin Street

Property Details

• Community: 607 - Clarence/Rockland Twp
• Property Type: Tenant/Commercial
• Garages: None

Building Features

Features

• Heating: Gas Forced Air Open