$499,000
53 Labrosse Street, North Stormont, ON K0C 1W0
710 - Moose Creek, North Stormont,
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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.
- HoldoverDays: 60
- Property Type: Commercial
- Property Sub Type: Investment
- GarageType: None
- Directions: 53 Labrosse St, Moose Creek
- Tax Year: 2024
- ParkingSpaces: 10
- WashroomsType1: 6
- Cooling: No
- HeatType: Baseboard
- Building Area Total: 5150
- Building Area Units: Square Feet
- Parcel Number: 601180412
- LotSizeUnits: Feet
- LotDepth: 240
- LotWidth: 105
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