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$1,299,900
South Stormont
27 Long Sault Drive, South Stormont, Ontario, K0C1P0
This multi-family property in South Stormont is for sale offering roughly 4,250 sq ft of space. It has been on the market 30 days, fresher than the South Stormont average of 91 days.
SOLID 6-PLEX INVESTMENT OPPORTUNITY! Looking for an attractive multi-residential investment property? Built in 2013, this all brick 6-plex is perhaps exactly what you've been waiting on to add to your portfolio... The property is currently fully leased with an annual total income of over 89k and is situated in the heart of Long Sault only steps away from the Long Sault Plaza, the Public School & the Municipal Park + Splash Pad, Churches and just a short walk to the St Lawrence River, the Waterfront Trail and the beautiful Long Sault Provincial Park which offers Camping, Beaches and Scenic Views! The building has been well maintained by the current owner and has experienced a very low vacancy rate over the years due to its great condition + convenient location. The building mix consists of 6 - 2 bedroom suites with designated parking, in-suite laundry hookup's and the above grade units have a balcony with a view of the St Lawrence River + the upper level units feature vaulted ceilings. Initial viewings will be arranged for 1 suite to potential investors subject to RTA guidelines, once an offer is accepted a full inspection of the building and each unit will be provided as well as a signed income/expense statement. Please provide 48 hours notice for any/all showing requests. Seller requires SPIS signed & submitted with all offer(s) and 2 full business days irrevocable to review any/all offer(s). (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 30 days on market, against an average age of 91 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 60 days on the market over the past year, against a median of 48 days across the markets we publish.
This 12-bed multi-family in South Stormont has been listed for 30 days, which is 61 days fresher than the city average of 91. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,299,900, about 15.5× the local median household income of $84,000.
Carrying it typically needs a household income of about $253,916 (20% down, 25-yr amortization, stress-tested) — roughly 202% above 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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