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Royal LePage
Royal LePage
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$499,000

North Stormont ON, K0C 1W0

MLS® # X12242331

Property Information:

Unique Investment Opportunity - High ROI Potential in Moose Creek. Looking for an exceptional income-generating property? This massive residence in the heart of Moose Creek offers a rare chance to secure a high-return investment. Currently operating as a rooming house, the building features 13 spacious bedrooms and 6 bathrooms, with zoning approval in place for up to 19 residents. Commercial kitchen. Main floor is wheel chair accessible. Laundry room in basement. With projected monthly income ranging between $8,000 and $10,000, this property is ideal for investors seeking strong cash flow. Zoned as a Retirement Residence, it also holds potential for further development or use changes, subject to municipal approval. Please note: sprinkler installation would be required to comply with retirement residence standards. Set on a generous lot and ideally located just minutes from Highway 417, this property offers both convenience and opportunity. Whether you're expanding your portfolio or entering the multi-residential market, this one is not to be missed! Fully furnished. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 5150 sqft
  • Heating Type: Baseboard heaters
  • Cooling Type: None
  • Appliances: Dryer, Freezer, Microwave, Washer

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 6
  • Farm Type: Other
  • Floor Space (approx): 5150 Square Feet
  • Irregular: Yes
  • Lot Depth: 240.0 Feet
  • Lot Frontage: 105.0 Feet
  • Lot Size: 105 x 240 FT
  • Zoning: C
  • No. of Parking Spaces: 10

Courtesy of: EXIT REALTY MATRIX

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 53 LABROSSE STREET, North Stormont, Ontario, K0C 1W0

Demographic Information of 53 LABROSSE STREET, North Stormont, Ontario, K0C 1W0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$134,462.03

Average Number of Children

1.81

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.46 %

High school certificate or equivalent

32.69 %

Apprenticeship trade certificate/diploma

7.8 %

College/non-university certificate

32.0 %

University Degree

8.05 %

Commuter

Travel To Work

By Car

89.96 %

By Public Transit

0.0 %

By Walking

5.64 %

By Bicycle

0.0 %

By Other Methods

4.4 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

3.82 %

Houses

96.18 %

Own Vs. Rent

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