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$350,000
South Dundas
14 Gibson Lane, South Dundas, Ontario, K0C1X0
This multi-family property in South Dundas is for sale offering roughly 900 sq ft of space. It has been on the market 20 days, fresher than the South Dundas average of 106 days.
Invest in an established income property in a location that offers everyday convenience, simplicity and long term appeal. Situated on a quiet cul de sac just steps from the St. Lawrence River, this fully tenanted, one storey Morrisburg duplex features two one bedroom units and established rental income. The single level layout, manageable one bedroom units, in unit laundry and private parking create a practical, comfortable setup that may appeal to tenants looking for simpler, low maintenance living. The Morrisburg Boat Launch and public dock are approximately 250 metres away, about a four minute walk, with Morrisburg Waterfront Park, the beach, library, curling club, arena, theatre, baseball diamonds, golf course and riverfront walking paths all nearby. Shopping, restaurants, essential services and Highway 401 are also within easy reach, adding to the convenience of the location. For an investor seeking a fully occupied Eastern Ontario duplex with established tenancy, practical one level living and strong access to community amenities, this property offers a straightforward addition to consider for your portfolio. Lease documents and available income and expense information are available through the Listing Representative for review. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 20 days on market, against an average age of 106 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 2-bed multi-family in South Dundas has been listed for 20 days, which is 86 days fresher than the city average of 106. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $350,000, about 4.2× the local median household income of $84,000.
Carrying it typically needs a household income of about $68,367 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K0C)
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Loading rates, 30-yr amortization
Cash Needed to Close
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