3842 Gary Street, North Glengarry, ON Image 1

$2,550,000

Investment For Sale
MLS - #X12283996
3 days ago- By ROYAL LEPAGE TEAM REALTY

3842 Gary Street, North Glengarry, ON K0C 1A0

Bed
Bath
28.24 Sqft.
None Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

28.24 Sqft

About 3842 Gary Street

WOW! Just over $208,000 in annual gross income in Alexandria!! Solid, low-maintenance investment property now available with this excellent income-generating mobile home park in Alexandria. This 28 acre lot contains 47 mobile homes with land leases. Land tenants own their mobile homes in this very nice and quiet community. The owner is responsible for road, water and septic maintenance (infrastructure). There are drilled wells (14) to supply all mobile homes and each home has it's own septic system. This is an excellent opportunity which has no vacancy loss with a 100% occupancy rate as tenants do not want to risk losing their investment. Mobile home parks offer low maintenance costs because each tenant is responsible for their home, which also leads to low insurance costs for the park owner. Alexandria is a large town with all amenities including shopping, hospital and anything else you might need! Situated 1 hour from Montreal and 1hr from Ottawa. With the current demand for housing, this affordable option for housing is sure to attract clientele in the long-term! Ask for the information package!

Home Overview

Last updated

3 days ago

Virtual tour

None

Basement information

Building size

28.24

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:N/A
Cooling:No
Heating:None
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
255000000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

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Walk Score for 3842 Gary Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

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