1675 DUNNING ROAD, Cumberland, Ontario

$1,999,900

INVESTMENT OPPORTUNITY!! Multi-Residential complex situated on just OVER 20 ACRES of Land. This property features 6 Freestanding Residential Buildings, a 5plex, Single home, and 2 Prefab homes. Along with rental income from a Log Shack, Barn and 4 Rental Spaces used for storage and RV. CAP Rate of 6.49% with OPPORTUNITY of additional rental income from storage or pasture land. Fully Tenanted and self managed property. Located just 1.5KM south of Cumberland. The residences are Surrounded by Mature Maple Trees, Pastures, and nature. In the back, there is a 40'x150' gravel parking area. 2 Drilled Wells, 3 Septic Systems, Propane Sourced Heating. VTB Available, CALL FOR MORE DETAILS! (id:56241)

Listing ID: 1389862
Property Type: Multi-family

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Details

Management Company: Self Managed -
Ownership: Freehold
Parking Spaces: 50
Transaction: For sale
Zoning Description: AG3

Building

Fireplace Present: False
Heating: Forced air, Radiant heat
Heating Fuel: Propane
Stories Total: 2
Utility Water: Drilled Well

Land

Acreage: true
Sewer: Septic System
Size Frontage: 518 ft ,11 in
Size Irregular: 20.37
Size Total: 20.37 ac

Listing provided by RE/MAX HALLMARK REALTY GROUP
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1675 DUNNING ROAD in Cumberland Ontario. It was last modified on May 6th, 2024. Contact us to schedule a viewing or to discover other Cumberland real estate for sale.

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