28 Queen Street

Introducing the remarkable Multi-Family Home for sale in North Stormont , located at 28 Queen Street, North Stormont. This quality-built and thoughtfully designed 6-plex is nestled in the heart of the vibrant and rapidly growing community of North Stormont, specifically in the area of Stormont, Dundas and Glengarry. Constructed in 2003, this impressive two-storey building is set on a durable ICF slab-on-grade foundation, ensuring stability and longevity.

The property boasts an impressive total of 10 bedrooms and 5 bathrooms, making it an ideal investment for those looking to capitalise on the increasing demand for quality rental housing in the area. The Multi-Family Home for sale in North Stormont features six well-appointed residential units, including four 1-bedroom units with an office space and two spacious 2-bedroom units, each equipped with a full bathroom. With three units on each floor, this building is both functional and appealing to potential tenants.

One of the standout features of this Multi-Family Home for sale in North Stormont is that all units are separately metered for hydro and gas. This setup allows for simplified utility management and cost control, which is a significant advantage for both the landlord and tenants. The property also includes a backup generator, ensuring that residents remain comfortable and secure during any power outages.

At 28 Queen Street, North Stormont, there is ample on-site parking available for tenants, with space for up to 12 vehicles. This is a particularly attractive feature for prospective renters, as parking can often be a concern in multi-family living situations. However, it’s worth noting that this property does not include a garage, which may be a consideration for some buyers.

The building is unfurnished, allowing new owners the flexibility to furnish the units to their liking or leave them as is for tenants to personalise. Additionally, the property is equipped with window unit air conditioning, providing comfort during the warmer months. While there is no central vacuum system or family room, the layout of the units ensures that each space is utilised effectively, offering a comfortable living environment for all tenants.

The heating system is radiant, which is an efficient way to keep the building warm during the colder months. The property is connected to municipal water and sewer services, adding to the convenience of living in this well-maintained building. However, it is important to note that there is no basement, which may be a consideration for those who require additional storage space.

Currently, five of the six units are rented to reliable tenants, while one unit has been intentionally kept vacant. This provides the future owner with the flexibility to either move in or lease it at today’s strong market rents, making this Multi-Family Home for sale in North Stormont a rare and turnkey investment opportunity.

With a lot size of 131 X 141 feet, the property offers plenty of outdoor space, though it does not include a pool. The lack of a fireplace may also be a consideration for some buyers, but the overall quality and layout of the building more than compensate for these features.

In summary, 28 Queen Street, North Stormont, is a solid, low-maintenance building primed for consistent returns, making it an excellent choice for both seasoned investors and those looking to enter the market with a high-quality asset. Don’t miss out on this unique opportunity to own a Multi-Family Home for sale in North Stormont. Be sure to provide 48 hours irrevocable on all offers, as this property is sure to attract interest in the thriving community of North Stormont.

The community of 711 - North Stormont, located in Finch Township within the municipality of North Stormont, offers a picturesque rural setting characterised by its lush landscapes and charming small-town atmosphere. Nestled in Eastern Ontario, this area is known for its friendly residents and a strong sense of local pride. The community boasts a rich agricultural heritage, with sprawling farmlands and scenic views that appeal to nature enthusiasts and those seeking a tranquil lifestyle. With convenient access to nearby amenities and a close-knit environment, 711 - North Stormont provides an ideal backdrop for families and individuals looking to embrace a peaceful yet vibrant way of life.

Schools in the Neighbourhood

The property is conveniently located near North Stormont Public School, an esteemed elementary institution situated just 4.9 kilometers away in Berwick. This school operates under the Upper Canada District School Board and offers a public education with a focus on French language instruction. Catering to students from Junior Kindergarten through to Grade 6, North Stormont Public School boasts a commendable school rating of 8.3, reflecting its commitment to academic excellence and a supportive learning environment. Families seeking a quality education for their young children will appreciate the accessibility and reputation of this school, making it an attractive feature for potential buyers considering this property. The combination of proximity to a well-rated educational facility and the emphasis on French language learning adds significant value to the community, fostering a vibrant and culturally rich atmosphere for families. Overall, this property is ideally situated for those prioritizing education and community engagement, ensuring a nurturing environment for children during their formative years.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, yet vibrant community with a population of 753 residents as of 2021. The average household size is 2.4, and the average age of residents is approximately 39.7 years. The area boasts a relatively high average household income of $108,000, with only 6.2% of the population classified as low-income. Housing prices average around $384,000, reflecting a stable real estate market. The community is diverse, with 39.02% of residents being single and 41.86% living in households with children. A modest percentage of immigrants (3.95%) contributes to the area’s cultural fabric. Renters make up 17.46% of the population, and condominiums represent 7.94% of housing options. Education is a priority, with over half (54.76%) of the residents holding a college or university degree. However, a notable portion of the population (27.78%) is not in the labor force, indicating potential opportunities for workforce engagement. Overall, this area presents a blend of family-oriented living, educational attainment, and economic stability, making it an attractive option for prospective homeowners.