$ 825.000

2946 Lough Road, South Mountain

  • Type: Townhouse
  • Added: 45 days ago
  • Updated: 35 days ago
  • Last Checked: 3 hours ago
Introducing a Unique Opportunity: an apartment building featuring SEVEN fully rented units, plus the potential for FIVE additional units across the second and third floors. With all finished units currently occupied, you can start generating income immediately. The infrastructure for plumbing and electrical is already in place on the upper floors, making expansion straightforward. Also this 3 acre property in the heart of South Mountain may qualify to construct a separate multi-unit on it, pending zoning application approvals. Don’t wait—this is your chance to invest in the thriving real estate market! Note: Showings are not available after 5PM due to the upper floors being under construction. A confidentiality agreement (Form 560) must be signed before any financial information is disclosed. Video of Interior is virtually staged to show potential of unfinished units. Please respect the privacy of current tenants. Act quickly—this opportunity won’t last! (id:1945)
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Property DetailsKey information about 2946 Lough Road

  • Heating: Baseboard heaters, Radiant heat, Electric, Natural gas
  • Stories: 3
  • Year Built: 1924
  • Exterior Features: Brick, Siding

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 2946 Lough Road

  • Water Source: Drilled Well
  • Lot Size Units: acres
  • Parking Total: 15
  • Lot Size Dimensions: 2.9

Location & CommunityUnderstand the neighborhood and community

  • Common Interest: Freehold

Property Management & AssociationFind out management and association details

  • Association Name: N/A -

Utilities & SystemsReview utilities and system installations

  • Sewer: Septic System

Tax & Legal InformationGet tax and legal details applicable to 2946 Lough Road

  • Tax Year: 2023
  • Parcel Number: 661070152
  • Tax Annual Amount: 2805
  • Zoning Description: R1-5

Additional FeaturesExplore extra features and benefits

  • Number Of Units Total: 7
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members of The Canadian Real Estate Association

Nearby Listings Stat

Active listings
8
Min Price
$75,000
Max Price
$825,000
Avg Price
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Days on Market
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Sold listings
2
Min Sold Price
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Max Sold Price
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Avg Sold Price
$364,900
Days until Sold
94 days

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Additional Information about 2946 Lough Road

This Townhouse at 2946 Lough Road South Mountain, ON with MLS Number 1415483 listed by CATHY HAY - REALTY EXECUTIVES REAL ESTATE LTD. on South Mountain market 45 days ago at $825,000

The current price of the property is $825,000, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 20% down payment, the total amount borrowed would be $660,000. This would result in a monthly mortgage payment of $3,858 over a 25-year amortization period.

More Details?
CATHY HAY
  • CATHY HAY
  • REALTY EXECUTIVES REAL ESTATE LTD.
  • 613-851-0954

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