ON
North Stormont
K0C1W0
53 Labrosse Street
53 Labrosse Street, North Stormont, ON K0C1W0
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Listing Type
Multi Family
Listing Status
active
50
$499,000

Home Details for 53 Labrosse Street

Price
$499,000
Type
Residential Income
Bedrooms
0
Bathrooms
6.0
Square feet
NaN
Parking
Days on site
92
Listing #
X12242331
Property Description

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:31684)

Property Features
  • Heating Information
    • Baseboard
Listing Courtesy: EXIT REALTY MATRIX
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EXIT REALTY CONNECT, BROKERAGE
101-310 Main Street E, Milton, ON L9T 1P4
Mark Recile, MSc.
License #: 9627355
REALTOR
Office
289 627 7755
Agent
905 699 5811
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