39 Ontario Street

If you’re on the lookout for a fantastic investment opportunity, then look no further than this Multi-Family Home for sale in South Dundas . Nestled at 39 Street, South Dundas, this purpose-built triplex is an absolute gem in the heart of Morrisburg. With its prime location, you’ll find yourself just a stone's throw away from parks, shopping, and the stunning St Lawrence River, which is visible from the front steps. This property is designed for those who are keen on generating continuous rental income, and it boasts a low-maintenance building with long-term tenants already in place.

This Multi-Family Home for sale in South Dundas features a total of six bedrooms spread across its two spacious three-bedroom units and one two-bedroom unit. Each of these living spaces is individually metered, meaning tenants are responsible for their own utilities, which is a real bonus for any landlord. With three bathrooms available, there’s plenty of room for everyone, making it an ideal choice for families or groups of tenants.

The building itself is a charming 2 1/2 storey multiplex, constructed with a combination of brick and vinyl siding, giving it a classic yet modern look. While there’s no garage space available, the front yard parking offers convenience with space for three vehicles. The driveway is private, ensuring that your tenants have easy access to their homes.

Inside, the property is unfurnished, allowing you the flexibility to furnish each unit according to your taste or leave it as is for the current tenants. The kitchens are a standout feature, with two kitchens in total, providing ample space for cooking and entertaining. There’s also an additional kitchen, which could be a great asset for the two-bedroom unit.

The heating is provided by a forced air system, and while there’s no central vacuum system, the property does have window air conditioning units to keep things cool during those warm summer months. Unfortunately, there’s no family room or fireplace, but the layout of the units is designed to maximise space and comfort for the residents.

The basement of this Multi-Family Home for sale in South Dundas includes an apartment, adding even more potential for rental income. With an annual gross income of $23,760, this property offers a lucrative opportunity for investors looking to expand their portfolio. The building is situated on a generous lot measuring 50 x 106 feet, providing ample outdoor space for tenants to enjoy.

In terms of amenities, the property is connected to municipal water and sewer services, ensuring that all essential services are readily available. While there’s no pool on the premises, the nearby parks and recreational areas more than make up for it, offering plenty of outdoor activities for residents to enjoy.

For those considering the investment potential, this Multi-Family Home for sale in South Dundas presents a flexible opportunity. You can choose to keep all existing tenants in place for a steady monthly income, or if you’re feeling a bit adventurous, you could occupy one of the units yourself and renovate it to your liking. This would not only allow you to live comfortably but also supplement your mortgage with rental income from the other two units.

In summary, if you’re in the market for a solid investment that promises both comfort and financial return, look no further than this Multi-Family Home for sale in South Dundas, located at 39 Street, South Dundas. With its strategic location, well-maintained structure, and potential for income generation, it’s a property that’s hard to pass up. Don’t miss out on this incredible opportunity to own a piece of Morrisburg real estate!

Morrisburg, located within the municipality of South Dundas, is a charming community that beautifully blends rural charm with modern conveniences. Nestled along the banks of the St. Lawrence River, it offers picturesque views and a serene environment, making it an ideal spot for those seeking a peaceful lifestyle. The area boasts a rich history, with notable attractions such as the Upper Canada Village, which showcases the region's heritage. Residents enjoy a close-knit atmosphere, complemented by local shops, parks, and recreational activities. With easy access to nearby urban centres, Morrisburg provides a perfect balance of tranquillity and accessibility, making it a delightful place to call home.

Schools in the Neighbourhood

The property is conveniently located near several reputable schools, making it an ideal choice for families. Within a 1.6 km radius, you will find a mix of elementary and secondary schools, catering to various educational needs. Dundas Central Elementary School, which offers both English and French programs for grades JK to 8, is just 1.0 km away, boasting a solid school rating of 6.6. For secondary education, Dundas Valley Secondary School is located 1.4 km from the property and has a school rating of 7. Additionally, St. Bernadette CES, a Catholic elementary school with an impressive rating of 8.6, is only 1.2 km away, providing an excellent option for families seeking a faith-based education. Other nearby schools include Sir William Osler Elementary School and St. Mary CSS, a Catholic secondary school, both of which further enhance the educational landscape in the area. With a variety of public and Catholic schools available, parents can choose the best fit for their children's educational journey, all within a short distance from home. This proximity to quality education adds significant value to the property, making it a desirable location for families.