53 Labrosse Street, North Stormont, ON K0C 1W0 (Valley St)

Price : $499,000.00 , MLS®# : X12242331

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.

Location Description

Valley St

Property Details
  • Community: 710 - Moose Creek
  • Property Type: Tenant/Commercial
  • Bath: 6
  • Garages: None
  • Annual Property Taxes : $ 3850
Building Features
  • Parking Type : None
Features
  • Heating : Baseboard

Listing Contracted With: EXIT REALTY MATRIX