120 MILITARY ROAD, South Glengarry, Ontario
$1,899,000
An entire 12-unit apartment-style condominium building offering multiple strategies for the savvy investor. Each unit is a fully registered 2-bedroom condo with parking, providing the option to hold as a single income-generating asset or sell units individually for future profit, with an estimated market value of approximately $200,000 per unit.Two units were recently rented at $1,550 per month, setting the precedent for the buildings pro forma at an impressive $223,200 in annual income potential. This is a high-performing property in a strong rental market with steady demand and room to grow. Each condo has in-unit laundry, aside from the 4 basement units which share a coin laundry room (bringing in additional passive income). All major capital components are in good condition, and the building has been well-maintained.With projected market rents of $1,550 per unit, the building supports a potential cap rate of nearly 10%. Whether youre looking to build long-term wealth, set up a retirement plan, or scale your real estate portfolio, this property checks all the boxes. Condo fees and individual unit titles offer flexibility and ease of management. Vendor Financing (VTB) available, making this opportunity even more attractive for buyers looking to maximize leverage and returns. Contact us today for full financials and to schedule a private tour. (id:56241)
- Listing ID: X12265766
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 120 MILITARY ROAD in South Glengarry Ontario. It was last modified on July 5th, 2025. Contact us to schedule a viewing or to discover other South Glengarry real estate for sale.