12170 County 3 Road, North Dundas, ON Image 1

$399,900

Multiplex For Sale
MLS - #X12029859
1 day ago- By ROYAL LEPAGE TEAM REALTY

12170 County 3 Road, North Dundas, ON K0C 2K0

0 Bed
0 Bath
< 700 Sqft.
None Garage

Property Description

Property type

Multiplex

Lot size

N/A

Style

Other

Approx. Area

< 700 Sqft

About 12170 County 3 Road

Looking for a low-maintenance investment property? Let's chat about this income-generating mobile home park in Winchester. This 1.3 acre lot contains 7 mobile homes with land leases, located in a quiet community and backing onto fields on the edge of town, but still walking distance to all of the amenities available in Winchester. The owner of the mobile home park is responsible for infrastructure maintenance (road, water and septic), but the mobile home tenants are responsible for maintaining their homes, which results in a hands-off investment property. There is municipal water and septic systems supplied to all homes. This is an excellent investment opportunity which has no vacancy loss with a 100% occupancy rate as tenants do not want to miss a payment and risk losing their home. Also, the insurance costs are far less than mult-residential properties. Winchester is a great town with all amenities including shopping, hospital and anything else you might need! Situated 40 min south of Ottawa. With the current demand for housing, this affordable option is sure to attract clientele for many years to come! Gross income was $27,084, expenses were $4918 (net $22,165) for 2024.

Home Overview

Last updated

1 day ago

Virtual tour

None

Basement information

None

Building size

--

Status

In-Active

Property sub type

Multiplex

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:None
Cooling:Other
Heating:Other
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
39990000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

Walking Icon

Walk Score for 12170 County 3 Road

Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Some information about this property - County 3 Road

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