123 Addington Rd 2 Road Northbrook, Ontario K0H 1P0
$900,000
Mini Storage Facility just off of a heavily travelled 41 Highway located in Northbrook. This 49 Unit rental property sits on a combined total of 7 acres , has great expansion potential for the profit savvy investor. Such a great business Opportunity. The area is a major tourist destination with Campgrounds, Trailer parks, ATV/snowmobile trails, boating, golf and so much more. So much demand for storage rental in this area for the seasonal residents , cottagers, boaters and campers. Additional 1 acre residential building lot attaches to this parcel and is included. Well and Septic System is in place already. This property must be sold with 2 other Self Storage Properties ( MLS 40340318 , 40340308 ) for a package price of 3,600,000$ offering a buyer a net cap rate just shy of 9%. Furthermore The Opportunity to acquire 5 self storage properties that includes ( MLS 40340324 , 40340327 ) is obtainable for 5,000,000$. The 5 property package offer's a buyer an impressive net cap rate just shy of 9%. No VTB or seller financing available. (id:28880)
Property Details
| MLS® Number | 40340321 |
| Property Type | Other |
| Amenities Near By | Golf Nearby, Marina |
| Community Features | High Traffic Area |
Building
| Basement Type | None |
| Cooling Type | None |
| Heating Type | No Heat |
| Stories Total | 1 |
| Size Exterior | 4500.0000 |
| Utility Water | Unknown |
Land
| Access Type | Highway Access, Highway Nearby |
| Acreage | Yes |
| Land Amenities | Golf Nearby, Marina |
| Sewer | No Sewage System |
| Size Depth | 1 Ft |
| Size Frontage | 406 Ft |
| Size Irregular | 6.15 |
| Size Total | 6.15 Ac|5 - 9.99 Acres |
| Size Total Text | 6.15 Ac|5 - 9.99 Acres |
| Zoning Description | 470 |
https://www.realtor.ca/real-estate/24998754/123-addington-rd-2-road-northbrook
Interested?
Contact us for more information
Ken Immerseel
Salesperson
101 - 1642 Bath Rd
Kingston, Ontario K7M 4X6
(613) 389-2121
www.century21.ca/champrealty
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November 05 2023 06:46:30
Kingston & Area Real Estate Association
Century 21 Champ Realty Limited, Brokerage