53 Labrosse Street, North Stormont, ON Image 1

$499,000

Investment For Sale
MLS - #X12242331
6 days ago- By EXIT REALTY MATRIX

53 Labrosse Street, North Stormont, ON K0C 1W0

Bed
6 Bath
5150 Sqft.
None Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

5150 Sqft

About 53 Labrosse Street

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.

Home Overview

Last updated

6 days ago

Virtual tour

None

Basement information

Building size

5150

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:N/A
Cooling:No
Heating:Baseboard
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
49900000.0%
Higher than average

Price Comparison

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Location

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Walk Score for 53 Labrosse Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

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