3842 GARY STREET, North Glengarry, Ontario, CA

Address: 3842 GARY STREET, North Glengarry, Ontario

0 Beds0 Baths0 sqftStatus: Buy
Price $2,550,000

Property Overview


WOW! Just over $216,000 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. Massive 1,212,710-square-foot residential lot. Beyond the income it generates, it already has substantial value based solely on the land. 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! (id:51532)

 

Tags




Property Summary
Property Type
Multi-family
Building Type
Other
Storeys
1
Square Footage
0 - 699 sqft
Community Name
720 - North Glengarry (Kenyon) Twp
Title
Leasehold/Leased Land
Land Size
836.7 x 1374.6 FT|25 - 50 acres
Parking Type
No Garage
Building
Interior Features
Basement Type
None
Building Features
Features
Irregular lot size
Architecture Style
Bungalow
Square Footage
0 - 699 sqft
Heating & Cooling
Cooling
None
Heating Type
Other
Utilities
Utility Sewer
Septic System
Parking
Parking Type
No Garage
Features
           Irregular lot size            No Garage            None
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Your Home Finance Calculation

Property Price CA $2,550,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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