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$2,550,000
Available - For Sale
Listing ID: X12283996
WOW! Just over $208,000 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!
Price $2,550,000
Taxes: $34,243
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Owner+T
Address: 3842 Gary Street , North Glengarry, K0C 1A0, Stormont, Dundas
Postal Code: K0C 1A0
Province/State: Stormont, Dundas
Legal Description: PT E1/2 LT 1 CON 1 KENYON; PT W1/2 LT 1
Directions/Cross Streets: Concession Rd 1 and Joanne St, Gary St, and Bobby St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Apartment
Use: Other
Building Percentage: T
Total Area: 28.24
Total Area Code:  Acres
Business/Building Name: White Cedar (North)
Financial Statement: T
Chattels: F
Franchise: F
 Management Expense: 10406
Maintenance: 0
Vacancy Allowance: 0
Net Income Before Debt: $150334
Expenses Actual/Estimated: $Act
Heat Type: None
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
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ROYAL LEPAGE TEAM REALTY

3842 Gary Street , North Glengarry, K0C 1A0, Stormont, Dundas

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Paulette Zander
Sales Representatives
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416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Investment
Area: Stormont, Dundas and Glengarry
Municipality: North Glengarry
Neighbourhood: 719 - Alexandria
Style:
Lot Size: x 1374.56(Feet)
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Tax: $34,243
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908