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$1,589,000
North Stormont
38-40 QUEEN Street, North Stormont, Ontario, K0A1R0
This multi-family property in North Stormont is for sale. It has been on the market 47 days, fresher than the North Stormont average of 137 days.
A RARE 9-UNIT INVESTMENT OPPORTUNITY! Offering flexibility, strong income potential and a unique multi-residential setup, this well-maintained property is one you'll want to take a closer look at. Currently designed with senior living and accessibility in mind, Spread across two separate buildings, 38 Queen Street features 3 units while 40 Queen Street offers 6 units. Each unit is equipped with five appliances, in-floor radiant heating and wall-unit air conditioning for year-round comfort. The thoughtful layouts and accessible design make the property well suited for senior living while offering versatility for a broader rental market. Whether you're expanding your portfolio, exploring senior housing or looking for a distinctive multi-unit apartment investment, opportunities like this are hard to find! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 47 days on market, against an average age of 137 days across the listings currently for sale in this city
This 9-bed multi-family in North Stormont has been listed for 47 days, which is 90 days fresher than the city average of 137. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,589,000, about 13.8× the local median household income of $115,000.
Carrying it typically needs a household income of about $310,387 (20% down, 25-yr amortization, stress-tested) — roughly 170% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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