36
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$1,899,000
Est. payment /mo
New
120 MILITARY ROAD South Glengarry, ON K0C1N0
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision 724 - South Glengarry (Lancaster) Twp
MLS® Listing ID X12265766
Source Cornwall & District Real Estate Board
Property Description
An entire 12-unit apartment-style condominium building offering multiple strategies for the savvy investor. Each unit is a fully registered 2-bedroom condo with parking, providing the option to hold as a single income-generating asset or sell units individually for future profit. Currently generating solid rental income, with 2 vacant units offering immediate upside through lease-up or strategic improvements.This is a high-performing property in a strong rental market with steady demand and room to grow. Each condo has in-unit laundry, aside from the 4 basement units which share a coin laundry room (bringing in additional passive income) All major capital components are in good condition, and the building has been well-maintained. With projected market rents of $1,550 per unit, the building supports a potential cap rate of nearly 10%.Whether youre looking to build long-term wealth, set up a retirement plan, or scale your real estate portfolio, this property checks all the boxes. Condo fees and individual unit titles offer flexibility and ease of management.Vendor Financing (VTB) available, making this opportunity even more attractive for buyers looking to maximize leverage and returns.Contact us today for full financials and to schedule a private tour. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Virtual Tour https://youtube.com/shorts/1o32no7UySY?feature=shared
Listed by RE/MAX AFFILIATES MARQUIS LTD.