Investment opportunity in the charming town of L'Orignal! This 15-unit apartment building boasts an impressive NOI potential of $218,352 within the existing buildings, with four recently renovated units and four vacant units in need of repair, offering room for growth and value-add opportunities. The R3-1 zoning allows for the construction of an apartment building with up to 75 units per hectare, and with 1.61 acres of land, there is potential to construct 30+ additional units. Located halfway between Ottawa and Montreal, this property offers a prime location for commuters and those seeking a quieter lifestyle. Don't miss out on the chance to invest in this promising property and unlock its full potential! (id:48414)
| MLS® Number | 1332182 |
| Property Type | Multi-family |
| Neigbourhood | L'Orignal |
| Parking Space Total | 40 |
| Constructed Date | 2003 |
| Exterior Finish | Brick, Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Radiant Heat |
| Stories Total | 2 |
| Acreage | Yes |
| Sewer | Municipal Sewage System |
| Size Frontage | 147 Ft |
| Size Irregular | 1.62 |
| Size Total | 1.62 Ac |
| Size Total Text | 1.62 Ac |
| Zoning Description | R3-1 |
https://www.realtor.ca/real-estate/25340943/261-longueuil-street-lorignal-lorignal
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