53 Labrosse Street, North Stormont, ON

$499,000

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6

Baths

About 53 Labrosse Street

Unique Investment Opportunity - High ROI Potential in Moose Creek. Looking for an exceptional income-generating property? This massive residence in the heart of Moose Creek offers a rare chance to secure a high-return investment. Currently operating as a rooming house, the building features 13 spacious bedrooms and 6 bathrooms, with zoning approval in place for up to 19 residents. Commercial kitchen. Main floor is wheel chair accessible. Laundry room in basement. With projected monthly income ranging between $8,000 and $10,000, this property is ideal for investors seeking strong cash flow. Zoned as a Retirement Residence, it also holds potential for further development or use changes, subject to municipal approval. Please note: sprinkler installation would be required to comply with retirement residence standards. Set on a generous lot and ideally located just minutes from Highway 417, this property offers both convenience and opportunity. Whether you're expanding your portfolio or entering the multi-residential market, this one is not to be missed! Fully furnished.

Features of 53 Labrosse Street

MLS® # X12242331
Price $499,000
Bathrooms 6.00
Type Commercial
Sub-Type Investment
Status Active

Community Information

Address 53 Labrosse Street
Area Stormont, Dundas and Glengarry
Subdivision 710 - Moose Creek
City North Stormont
Province ON
Postal Code K0C 1W0

Amenities

Parking Spaces 10
Garages None
Is Waterfront No

Interior

Heating Baseboard
Cooling No
Fireplace No

Listing Details

OfficeEXIT REALTY MATRIX

Listing Map

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