Welcome to 2084 Dundas, a meticulously maintained and recently renovated CASH COW. Grossing over $10,000 per month we are offering this gem at a PHENOMENAL CAP RATE of 6.16%. This property is just over 1/2 an acre and pending township approval, it has the potential to either add more units or split some big units, into additional dwellings. Two massive units per floor, one per side and an oversized unit in the rear addition, which used to be the grand banquet hall of a hotel. The front building used to be that hotel so you'll find a 400amp service for the front 6 units and a 200 amp service for the rear unit. One of the best parts of this building is the majority of the tenants have taken significant pride in upkeeping the units as if their own, as you will see in both photos or when you visit. Located a mere 300 metres from the St. Lawrence River, under 1 hour to Ottawa and 12 minutes to Prescott or the US border, this property is not to be overlooked! (id:6673)
| MLS® Number | X11937880 |
| Property Type | Multi-family |
| Community Name | 806 - Town of Cardinal |
| ParkingSpaceTotal | 20 |
| Appliances | Refrigerator, Stove |
| CoolingType | Partially Air Conditioned |
| HeatingType | Baseboard Heaters |
| SizeExterior | 4000 Sqft |
| SizeInterior | 4000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 249 Ft |
| SizeFrontage | 73 Ft |
| SizeIrregular | Bldg=73 X 249 Ft ; 1 |
| SizeTotalText | Bldg=73 X 249 Ft ; 1 |
| ZoningDescription | Main Street Comm. |
Contact us for more information
Leo Alvarenga
Broker
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