$2,499,900
Available - For Sale
Listing ID: X9411934
12 GARDEN St , Leeds and the Thousand Islands, K0E 1L0, Ontario
| This beautifully restored property blends historic charm with modern amenities. The 10-plex includes seven 2-bdrm & three 1-bdrm units, with 8 units recently upgraded. On 1.8 acres, it offers significant development potential, incl. studies for additional 8-unit & 12-unit buildings, w/ site plan app pending. Sale incl. Site Plan Application In Process, Servicing & Storm-water Mgmt Report, Grading & Storm-water Mgmt Plan, Servicing Plan, Updated Transportation Impact Analysis, Noise Study(railway noise) (TBD), Conceptual Plans, Survey, & Severance Apps. Two front lots, set to be zoned R2, have severance apps in progress, offering more opportunities. In the picturesque Thousand Islands region, this property is ideally positioned to benefit from provincial incentives like Ontario's Bill 23, promoting rapid development. Perfect for investors & developers, this unique offering combines historic charm with growth potential in a prime location in the highly desirable Thousand Islands region! |
| Price | $2,499,900 |
| Taxes: | $7111.83 |
| Assessment: | $724000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 12 GARDEN St , Leeds and the Thousand Islands, K0E 1L0, Ontario |
| Postal Code: | K0E 1L0 |
| Province/State: | Ontario |
| Legal Description: | Lot 624, Plan 194;Part Block P, Plan 194 |
| Lot Size: | 194.98 x 391.17 (Acres) |
| Directions/Cross Streets: | 401 to Exit 659 and follow County Road 3 into Lansdowne. From Prince Street turn left (west) onto K |
| Total Area: | 7000.00 |
| Total Area Code: | Sq Ft |
| Insurance Expense: | $6500 |
| Hydro Expense: | $6216 |
| Other Expenses: | $2080 |
| Operating Expenses: | $42400 |
| Net Income Before Debt: | $179207 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Sewers: | Sewers |
| Water: | Municipal |
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| eXp Realty, Brokerage |
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Marjan Heidarizadeh
Sales Representative
Dir:
416-400-5987
Bus:
905-456-1000
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Leeds & Grenville |
| Municipality: | Leeds and the Thousand Islands |
| Neighbourhood: | Lansdowne Village |
| Lot Size: | 194.98 x 391.17(Acres) |
| Tax: | $7,111.83 |
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