73 & 75 Kenyon Street E North Glengarry, Ontario K0C 1A0

$3,750,000

Attention Investors!! Welcome to 73 and 75 Kenyon Street East in Alexandria, a rare opportunity to acquire two modern 8-unit buildings being sold together as a 16-unit multi-residential package. The buildings are located on two separately described parcels and share a common parking area, allowing them to be managed together efficiently under one ownership. Each building features spacious two-bedroom units with private exterior entrances and individual balconies or terraces, a highly desirable layout that appeals to today's tenants and minimizes common area maintenance. The units are bright, functional, and designed for long-term durability. Each suite is equipped with its own forced air natural gas furnace and electric hot water tank, with tenants paying all utilities and supplying their own appliances, with the exception of the over-the-range microwave, resulting in lower operating costs and reduced long-term maintenance for ownership. Constructed in 2018, these purpose-built buildings offer modern construction, energy efficiency, and low ongoing capital requirements. Located in the growing market of Alexandria, the property benefits from a stable local economy supported by agriculture, manufacturing, healthcare, education, retail, and transportation, with convenient access to surrounding communities. As tenancies turn over, there is potential for future rent increases, making this a compelling modern multi-residential investment with long-term upside. (id:43934)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12693134
Property Type	Multi-family
Community Name	719 - Alexandria

Building

Appliances	Hood Fan, Water Heater, Microwave
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Exterior	34186 Sqft
Size Interior	34,186 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	128 Ft ,11 In
Size Frontage	265 Ft ,7 In
Size Irregular	Bldg=265.62 X 128.98 Ft
Size Total Text	Bldg=265.62 X 128.98 Ft
Zoning Description	R4

https://www.realtor.ca/real-estate/29247496/73-75-kenyon-street-e-north-glengarry-719-alexandria