$1,450,000
Available - For Sale
Listing ID: X12279382
142 Ewart Aven , Drummond/North Elmsley, K7H 0J9, Lanark
| Exceptional opportunity to own a purpose-built investment property featuring four fully tenanted row units, a separate loft apartment, and a vacant commercial shop all situated on a spacious 1-acre lot. Each of the four row units offers a well-designed 2-bedroom, 1-bathroom layout with 900 sqft of living space, radiant in-floor heating in the bathroom, forced air heating, central air conditioning, and porcelain tile flooring throughout. All units are insulated with R-30, feature treated front and back porches, and are constructed with brick exteriors, a steel roof, and slab-on-grade concrete foundation. Each unit also includes backup power, a 10x22 shed (with one upgraded Amish shed in Unit 142 for higher rent), and two dedicated parking spaces. The 1-bedroom loft apartment spans 550 sqft and includes a full bathroom, automatic backup power, and the same durable finishes as the main units. It's attached to a 740 sqft commercial shop with 10 ceilings, a separate electrical panel, and shared propane-fired water heating with the loft. All units share a large-capacity well with UV filtration located in Unit 142. Appliances such as fridges and stoves are tenant-owned, while washer/dryer/dishwasher maintenance has been made the responsibility of tenants in all units except the loft, as outlined in signed lease agreements.The landlord currently covers snow removal, lawn care, septic maintenance, property insurance, and general property maintenance. With solid construction, reliable tenants, and excellent long-term value, this property is a standout investment opportunity. |
| Price | $1,450,000 |
| Taxes: | $4461.31 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 142 Ewart Aven , Drummond/North Elmsley, K7H 0J9, Lanark |
| Postal Code: | K7H 0J9 |
| Province/State: | Lanark |
| Directions/Cross Streets: | Collings Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 1.00 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Yes |
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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
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At a Glance:
| Type: | Com - Investment |
| Area: | Lanark |
| Municipality: | Drummond/North Elmsley |
| Neighbourhood: | 908 - Drummond N Elmsley (Drummond) Twp |
| Tax: | $4,461.31 |
| Fireplace: | N |
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