$949,900
Available - For Sale
Listing ID: X12230631
384 Limoges Road , The Nation, K0A 2M0, Prescott and Rus
| Investor alert: Cashflow-Positive 4-Plex with Garage on Oversized Lot in Rapidly Growing Limoges! This income-generating 4-plex sits on an impressive 130 ft x 336 ft lot, offering both immediate returns and long-term potential. Located in the thriving community of Limoges, this property is a rare find with RV3-5 zoning, allowing for a wider range of uses than typical residential zoning in the area.The building includes four self-contained units, each with its own laundry a major bonus for tenants. The main level hosts a spacious 3-bedroom unit with a private deck, alongside a 2-bedroom unit with another deck facing the backyard. The lower level features two additional 2-bedroom units, offering strong rental appeal and functional layouts.Units 1 and 3 are currently vacant, giving flexibility for setting new rents or for owner occupancy. Unit 4 will be vacating at the end of October, opening up more options in the near term.The detached garage is divided into two sections: the front portion is rented month-to-month at $495, complete with its own hydro meter, gas furnace, LED lighting, and garage door opener. The rear portion is used for storage by the owners additional untapped value.Hydro setup includes three meters: one for the garage, and two for the residential portion of the building.Limoges is a growing, commuter-friendly town just minutes from Highway 417, Calypso Waterpark, and Larose Forest. This property is already cashflow-positive, with opportunities to increase income and expand value over time. |
| Price | $949,900 |
| Taxes: | $6330.00 |
| Occupancy: | Tenant |
| Address: | 384 Limoges Road , The Nation, K0A 2M0, Prescott and Rus |
| Directions/Cross Streets: | Limoges Road and Savage Street |
| Rooms: | 13 |
| Rooms +: | 12 |
| Bedrooms: | 5 |
| Bedrooms +: | 4 |
| Family Room: | F |
| Basement: | Finished, Full |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Multiplex |
| Style: | Bungalow |
| Exterior: | Brick |
| Garage Type: | Detached |
| Drive Parking Spaces: | 15 |
| Pool: | None |
| Other Structures: | Additional Gar |
| Approximatly Square Footage: | 2500-3000 |
| Property Features: | School Bus R |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| EXP REALTY |
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Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Prescott and Russell |
| Municipality: | The Nation |
| Neighbourhood: | 616 - Limoges |
| Style: | Bungalow |
| Tax: | $6,330 |
| Beds: | 5+4 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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