37
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$1,470,000
Est. payment /mo
2 SqFt
Price Dropped by $5K
4100 Moreland Dixon RD South Frontenac, ON K0H 1X0
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UPDATED:
12/17/2024 05:49 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $735,000
MLS Listing ID X10430817
Tax Year 2024
Property Description
Rural Opportunity - Multi-Unit Property with Residential and Shop. 4100 Moreland-Dixon offers an exceptional investment opportunity just 10 minutes from the 401, north of Kingston, Ontario. This quality-built property by Signature Homes is situated on a 2-acre lot and includes three residential units and one Shop unit, providing remarkable versatility for investors or owner-occupiers. Beautiful rural setting on the edge of Inverary village, the property is close to local services and amenities including Inverary Golf and Country Club, Ken Garrett Memorial Park (28 acres), General Store / LCBO, Canada Post and Home hardware. The front building includes two residential units, a 1-bedroom, 1-bathroom unit and a 2-bedroom, 2-bathroom unit. Both units feature single-car garages and rear decks. The back building includes one residential unit with 2 bedrooms and 2 bathrooms, along with a workshop unit. The workshop features a spacious 1,278 SF garage and three bright offices with soaring ceilings, a 2-piece bathroom, and two 12x12 garage doors. The property is thoughtfully designed with ample parking, radiant in-floor heating, heat pumps in each residential unit, a constant pressure water system, a drilled well, and a new septic system, among other features. The residential units are currently leased at market rents, and the seller is open to leasing back the workshop, offering immediate rental income potential and a 6.5% CAP rate. This is a rare opportunity to acquire a high-quality, income-generating property with tremendous flexibility and excellent access to major transportation routes. Its perfect for an investor or business owner looking to occupy a residential unit while operating out of the workshop. Don't miss out on this unique opportunity. Contact us today to learn more!
Location
Province ON
County Frontenac
Community Frontenac South
Area Frontenac
Zoning UR1-24
Region Frontenac South
City Region Frontenac South
Interior
Cooling Yes
Exterior
Utilities Available Yes
Listed by ROGERS & TRAINOR COMMERCIAL REALTY INC., BROKERAGE
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