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2084 Dundas Street Cardinal, Ontario K0E 1E0

Baseboard Heaters, Forced Air

$1,489,000

Welcome to 2084 Dundas, a meticulously maintained and recently renovated CASH COW. Grossing over $12,000 per month we are offering this gem at a 6.5% CAP RATE, factoring in vacancy, management & maintenance. This property is just over ½ an acre and pending township approval, it has the potential to either add more units or split some big units, into additional dwellings. 2 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:47153)

Property Details

MLS® Number 1362955
Property Type Multi-family
Neigbourhood Cardinal
Parking Space Total 20

Building

Constructed Date 1898
Exterior Finish Brick, Siding
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 3
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 249 Ft
Size Frontage 73 Ft
Size Irregular 73 Ft X 249 Ft (irregular Lot)
Size Total Text 73 Ft X 249 Ft (irregular Lot)
Zoning Description Main Street Comm.

https://www.realtor.ca/real-estate/26138901/2084-dundas-street-cardinal-cardinal

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