73 King Street

Nestled in the vibrant heart of North Dundas, this remarkable investment opportunity presents a Multi-Family Home for sale in North Dundas , located at 73 King Street, North Dundas. This 10-unit multiplex building, with its distinctive 2 1/2 storey design, is situated at the crossroads of King and Queen Streets, making it an ideal choice for those looking to invest in a well-established community within the Stormont, Dundas and Glengarry area.

The property boasts an impressive total of 32 rooms, including 13 spacious bedrooms and 12 bathrooms, catering to a variety of living arrangements. While there is no den or family room, the layout of the units allows for flexibility and functionality. The kitchens, numbering 10 in total, are well-equipped, providing residents with the essentials needed for daily living. Although there are no additional kitchens or rooms, the existing spaces offer ample opportunity for creative enhancements.

One of the standout features of this Multi-Family Home for sale in North Dundas is its recently installed metal roof, ensuring durability and longevity. The exterior is clad in a combination of vinyl and metal/steel siding, providing a modern yet low-maintenance façade. The property is unfurnished, allowing potential buyers to envision their own design preferences and make the space their own.

For those considering the financial aspects, this property offers a reliable income stream with a long history of stable, long-term tenants. The presence of coin-operated laundry facilities on-site adds convenience for residents and contributes to the overall attractiveness of the building. Additionally, the ample on-site parking, with space for up to 12 vehicles, is a significant advantage, particularly in a location where parking can often be a challenge.

While the property does not feature a pool or fireplace, its strengths lie in its strategic location and the potential for value-add improvements. The absence of central air conditioning and a central vacuum system may be seen as limitations, but they also present opportunities for future upgrades that could enhance the living experience for tenants. The heating system is baseboard, ensuring warmth during the colder months, and the property is connected to municipal water and sewer systems, providing essential services without the hassle of maintenance.

The lot measures an impressive 98 by 99 feet, providing a generous outdoor space that could be utilised for various purposes. However, there is no additional land or garage space included with the property, which is something potential buyers should consider. The private driveway offers easy access, making it convenient for both residents and visitors.

As a Multi-Family Home for sale in North Dundas, this property is positioned strategically between Ottawa, Cornwall, and Brockville, making it an attractive option for those seeking to capitalise on the consistent rental demand in the area. The potential for future growth is significant, particularly for investors looking to enhance the property through updates and improvements.

In conclusion, 73 King Street, North Dundas, represents a unique opportunity for savvy investors. With its solid foundation, established tenant base, and potential for value enhancement, this Multi-Family Home for sale in North Dundas is not to be missed. Whether you are an experienced investor or new to the property market, this building offers the promise of reliable income and the potential for future appreciation in a thriving community. Don't miss your chance to explore this exceptional investment opportunity in North Dundas.

Chesterville, located within the township of North Dundas, is a charming and picturesque community that embodies the essence of rural Ontario. Nestled along the banks of the South Nation River, this quaint village offers a tranquil lifestyle, characterised by its friendly atmosphere and close-knit surroundings. With its historic buildings, local shops, and inviting parks, Chesterville provides a delightful blend of small-town charm and natural beauty. Residents can enjoy a variety of outdoor activities, from walking along scenic trails to participating in community events that celebrate local culture. The area's strong sense of community spirit, coupled with its convenient access to larger urban centres, makes Chesterville an appealing choice for those seeking a peaceful yet vibrant place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Just 0.5 km away, St. Mary Catholic School offers a nurturing environment for elementary students from Junior Kindergarten to Grade 6, with a commendable school rating of 4.2. Another nearby option is Chesterville Public School, located 0.6 km from the property, which also caters to young learners in grades JK to 6 and is part of the Upper Canada District School Board, boasting a rating of 3.7. For older students, North Dundas District High School is situated 4.8 km away and provides education for grades 7 to 12, rated at 6.3, ensuring a solid secondary education. Both elementary schools offer French language instruction, catering to the needs of bilingual families. With a mix of public and Catholic education options nearby, this property is ideally positioned to support your family's educational needs while fostering a strong community connection.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 368 residents, with an average household size of 2.1 individuals. The demographic profile reveals an average age of 44.4 years and a notable average household income of $76,500. Approximately 11.6% of the population falls under the low-income category. The housing market is characterized by an average property price of $288,000, with 42.86% of households being renters and 5.71% residing in condominiums. The community is relatively diverse, with 5.48% of the population being immigrants. Socially, the area has a significant percentage of single individuals at 49.21%, while 35% of households include children. Educational attainment is high, with 40.32% of residents holding a college or university degree. However, a considerable portion of the population, 41.94%, is not actively participating in the labor force. This demographic snapshot indicates a stable community with a mix of families, singles, and a moderate level of educational achievement, making it an attractive area for potential homebuyers and investors alike.