$1,329,900
For sale: Multiplex

SOLID 6-PLEX INVESTMENT OPPORTUNITY! Looking for an attractive multi-residential investment property? Built in 2013, this all brick 6-plex is perhaps exactly what you've been waiting on to add to your portfolio... The property is currently fully leased with an annual total income of over 86k and is situated in the heart of Long Sault only steps away from the Long Sault Plaza, the Public School & the Municipal Park + Splash Pad, Churches and just a short walk to the St Lawrence River, the Waterfront Trail and the beautiful Long Sault Provincial Park which offers Camping, Beaches and Scenic Views! The building has been well maintained by the current owner and has experienced a very low vacancy rate over the years due to its great condition + convenient location. The building mix consists of 6 - 2 bedroom suites with designated parking, in-suite laundry hookup's and the above grade units have a balcony with a view of the St Lawrence River + the upper level units feature vaulted ceilings. Initial viewings will be arranged for 1 suite to potential investors subject to RTA guidelines, once an offer is accepted a full inspection of the building and each unit will be provided as well as a signed income/expense statement. Please provide 48 hours notice for any/all showing requests. Seller requires SPIS signed & submitted with all offer(s) and 2 full business days irrevocable to review any/all offer(s).
Sold data
Homes in South Stormont took a median of 38 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 52, across 64 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 42 days.
The median sale price was $454,450.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 19% of sales closed above the list price.
Around 39% of sellers reduced their price before finding a buyer.
Based on 64 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
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