2946 Lough Road South Mountain, Ontario K0E 1W0

$825,000

Introducing a Unique Opportunity: an apartment building featuring SEVEN fully rented units, plus the potential for FIVE additional units across the second and third floors. With all finished units currently occupied, you can start generating income immediately. The infrastructure for plumbing and electrical is already in place on the upper floors, making expansion straightforward. Also this 3 acre property in the heart of South Mountain may qualify to construct a separate multi-unit on it, pending zoning application approvals. Don’t wait—this is your chance to invest in the thriving real estate market! Note: Showings are not available after 5PM due to the upper floors being under construction. A confidentiality agreement (Form 560) must be signed before any financial information is disclosed. Video of Interior is virtually staged to show potential of unfinished units. Please respect the privacy of current tenants. Act quickly—this opportunity won’t last! (id:43934)

Property Details

MLS® Number	1415483
Property Type	Multi-family
Neigbourhood	North Dundas
ParkingSpaceTotal	15

Building

ConstructedDate	1924
ExteriorFinish	Brick, Siding
HeatingFuel	Electric, Natural Gas
HeatingType	Baseboard Heaters, Radiant Heat
StoriesTotal	3
UtilityWater	Drilled Well

Land

Acreage	Yes
Sewer	Septic System
SizeDepth	509 Ft ,4 In
SizeFrontage	255 Ft ,6 In
SizeIrregular	2.9
SizeTotal	2.9 Ac
SizeTotalText	2.9 Ac
ZoningDescription	R1-5

https://www.realtor.ca/real-estate/27517027/2946-lough-road-south-mountain-north-dundas