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261 Longueuil Street L'orignal, Ontario K0B 1K0

Baseboard Heaters, Radiant Heat Acreage

$1,400,000

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:45745)

Property Details

MLS® Number 1332182
Property Type Multi-family
Neigbourhood L'Orignal
Parking Space Total 40

Building

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

Land

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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Martin Clement
Salesperson

(613) 371-9755

Exp Realty
424 Catherine St Unit 200
Ottawa, Ontario K1R 5T8

(866) 530-7737
(647) 849-3180

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