12077 COUNTY ROAD 3 ROAD Winchester, Ontario K0C2K0

$2,690,000

ID# 1130894
IMMEDIATE CASH FLOW ON CLOSING - will be PRE-RENTED BRAND NEW 12-unit BUILDING - TRUE TURN-KEY INVESTMENT - 5.8% cap rate! GROSS INCOME: $205,200 - EXPENSES: $48,656 = NOI of $156,544. Three storeys with elevator - built slab on grade (no basement). Coin operated LAUNDRY is on the main floor. MUNICIPAL WATER AND SEWER. NEW 12 Unit in Winchester, to be completed by Sept 1, 2019 by a reputed builder and investor! Amazing income potential and long term INVESTMENT for decades without worry. Brand new. Possession: September 1 2019. (Income is estimated based upon past projects completed by this builder. WINCHESTER is in NORTH DUNDAS township which is a THRIVING market with a HIGH desire for rentals and POPULATION of 11,654. 51% of this population is over 45 yrs old, and 35% is over 55 years old. There is a lack of good rental housing, great opportunity. Located SOUTH of Ottawa by 35 minute drive. Get in on the GROUND floor before it's too late!!! (id:25961)
Bathroom Total 0
Half Bathrooms Total 0
Year Built 2019
Cooling Type None
Heating Type Radiant heat
Heating Fuel Natural gas
Stories Total 3
Share with your friends:
Courtesy of RE/MAX HALLMARK REALTY GROUP
Moe McIlwain

REQUEST A SHOWING

Request a Showing
Sending

Mortgage Calculator

Add CMHC fee.
Purchase Price
$
Down Payment or Equity
$
Amount of Mortgage
system will calculate
Current Interest Rate
%
Amortization Period
years
Payment Schedule
Monthly Payment (principal & interest)
system will calculate