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608 Highway 2 Highway Cardinal, Ontario K8V 5P5

Baseboard Heaters

$1,575,000

BRICK PURPOSE-BUILT 18-UNIT APT BUILDING IN CARDINAL NEAR THE ST. LAWRENCE RIVER,MOST OF TENANTS OVER 60 YRS OLD,CLOSE TO NEW GIANT TIGER WAREHOUSE,GREAT ACCESS TO THE U.S. BORDER & MAJOR CITIES W/HWY 401,COMMUTING DISTANCE TO OTTAWA FOR THE CITY WORKER,SECURITY ENTRANCES,HIGH WALKSCORE BEING CLOSE TO RESTAURANTS & SHOPPING,TENANTS PAY THEIR OWN HYDRO/ELECTRIC BASEBOARD HEATING W/THERMOSTATS IN EVERY ROOM,TREMENDOUS UPSIDE POTENTIAL IN THE RENTAL INCOME,LOCATED ON HIGHWAY #2,16-2 BDRM & 2-1 BDRM APTS,STORAGE ROOMS FOR EVERY APT,LAUNDRY ROOM WITH RENTAL COIN OPERATED WASHERS(2) & DRYERS(2) OWNED BY COINAMATIC(RENTAL AGREEMENT TO BE ASSUMED BY THE BUYER),18 ELECTRIC HOT WATER TANKS ARE OWNED BY THE SELLER, 1 RENTAL GAS HOT WATER TANK IN THE LAUNDRY ROOM,BUY REAL ESTATE IN A MANNER IN WHICH IT WILL PAY FOR ITSELF & NEVER SELL & JUST KEEP BUYING,48 HOURS NOTICE FOR ALL SHOWINGS,SELLER WILL SHOW 2 APARTMENTS,ONCE THE PROPERTY IS CONDITIONALLY SOLD THE SELLER WILL SHOW ALL THE APTS (id:37611)

Property Details

MLS® Number 1243467
Property Type Multi-family
Neigbourhood CARDINAL
Parking Space Total 30

Building

Constructed Date 1975
Exterior Finish Brick
Fireplace Present No
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Frontage 175 Ft ,7 In
Size Irregular 175.62 Ft X 0 Ft
Size Total Text 175.62 Ft X 0 Ft
Zoning Description Multi-residential

https://www.realtor.ca/real-estate/23241103/608-highway-2-highway-cardinal-cardinal

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