20 Acres
Partially Air Conditioned
Acreage
$1,899,900
INVESTMENT OPPORTUNITY!! Multi-residential complex situated on just over 20 acres of land. This unique property features 6 freestanding residential buildings, including a 5-Plex, a single family home, and two prefab homes. Additional income streams include a log shack, barn, and four rental spaces currently used for storage and RV parking. Offering a 6.75% CAP rate with further upside potential through expanded storage or pasture rental opportunities. The property is fully tenanted and self-managed, providing immediate and stable income. Ideally located just 1.5 km south of Cumberland, the residences are surrounded by mature maple trees, open pastures, and natural landscapes, creating a desirable rural setting for tenants. Additional features include a 40' x 150' gravel parking area, 2 drilled wells, 3 septic systems, and propane heating. Vendor Take-Back (VTB) financing available. Contact for more details! (id:39840)
Property Details
|
MLS® Number
|
X13025282 |
|
Property Type
|
Multi-family |
|
Community Name
|
1116 - Cumberland West |
Building
|
Cooling Type
|
Partially Air Conditioned |
|
Size Interior
|
20 Acres |
|
Type
|
Multi-family |
Parking
Land
|
Acreage
|
Yes |
|
Sewer
|
Septic System |
|
Size Depth
|
217 Ft |
|
Size Frontage
|
518 Ft ,10 In |
|
Size Irregular
|
20.34 |
|
Size Total
|
20.34 Ac |
|
Size Total Text
|
20.34 Ac |
|
Zoning Description
|
Ag3 |
https://www.realtor.ca/real-estate/29634641/1675-dunning-road-ottawa-1116-cumberland-west