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    For Sale - 3842 Gary Street, North Glengarry, Ontario

    Est payment $12,245/mo
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    Views   1
    Time on Jump  119 day

    AI Summary *

    • Generates over $216,000 in annual gross income for steady cash flow.
    • 28-acre mobile home park with 100% occupancy and no vacancy losses.
    • Low-maintenance property with tenants responsible for their homes.
    • Well-located near amenities, shopping, and medical facilities in Alexandria.
    • Substantial land value with potential for future growth and housing demand.




    Wow! Just over $216,000 in annual gross income in alexandria!! Solid, low-maintenance investment property now available with this excellent income-generating mobile home park in alexandria. This 28 acre lot contains 47 mobile homes with land leases. Land tenants own their mobile homes in this very nice and quiet community. The owner is responsible for road, water and septic maintenance (infrastructure). There are drilled wells (14) to supply all mobile homes and each home has it's own septic system. This is an excellent opportunity which has no vacancy loss with a 100% occupancy rate as tenants do not want to risk losing their investment. Mobile home parks offer low maintenance costs because each tenant is responsible for their home, which also leads to low insurance costs for the park owner. Massive 1,212,710-square-foot residential lot. Beyond the income it generates, it already has substantial value based solely on the land. Alexandria is a large town with all amenities including shopping, hospital and anything else you might need! Situated 1 hour from montreal and 1hr from ottawa. With the current demand for housing, this affordable option for housing is sure to attract clientele in the long-term! Ask for the information package!
    Listing IDX12594916
    Address3842 Gary Street
    CityNorth Glengarry, Ontario
    Price$2,550,000
    StyleBungalow, Multiplex
    ConstructionOther
    Land Size28
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherOwnership FreeholdBasement NoneFoundation OtherHeating / Cooling OtherHeating Fuel OtherSewer Septic

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    Listing Agency:  ROYAL LEPAGE TEAM REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    3842 Gary Street
    North Glengarry , Ontario
    $2,550,000
    Get more info