53 Labrosse Street North Stormont, Ontario K0C 1W0

$499,000

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:43934)

Property Details

MLS® Number	X12242331
Property Type	Multi-family
Community Name	710 - Moose Creek
Farm Type	Other
Parking Space Total	10

Building

Bathroom Total	6
Appliances	Dryer, Freezer, Furniture, Microwave, Washer
Cooling Type	None
Heating Type	Baseboard Heaters
Size Interior	5,150 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	240 Ft
Size Frontage	105 Ft
Size Irregular	105 X 240 Ft
Size Total Text	105 X 240 Ft
Zoning Description	C

https://www.realtor.ca/real-estate/28514018/53-labrosse-street-north-stormont-710-moose-creek