384 Limoges RD new Save Request In-Person Tour Request Virtual Tour
The Nation,ON K0A 2M0
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision 616 - Limoges
MLS Listing ID X12230631
Style Bungalow
Bedrooms 9
Annual Tax Amount $6,330
Tax Year 2024
Property Sub-Type Multiplex
Property Description
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.
Location
Province ON
County Prescott And Russell
Community 616 - Limoges
Area Prescott And Russell
Rooms
Family Room No
Basement Finished,Full
Kitchen 4
Separate Den/Office 4
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Deck
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 129.92
Lot Depth 366.8
Total Parking Spaces 16
Building
Unit Features School Bus Route
Foundation Concrete