12077 COUNTY ROAD 3 ROAD Winchester, Ontario K0C2K0

$2,690,000

ID# 1130894
BRAND NEW 12-unit BUILDING - TRUE TURN-KEY INVESTMENT - 5.8% cap rate! GROSS INCOME: $205,200 - EXPENSES: $48,656 = NOI of $156,544. OWN a NEW 12-UNIT building that will be pre-rented, no worries... just CASH FLOW! 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)

None Radiant heat

Bathroom Total 0
Half Bathrooms Total 0
Year Built 2019
Cooling Type None
Heating Type Radiant heat
Heating Fuel Natural gas
Stories Total 3

Courtesy of RE/MAX HALLMARK REALTY GROUP
Moe McIlwain