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1675 Dunning Road Cumberland, Ontario K4C 1L7

Forced Air, Radiant Heat Acreage

$1,999,900

INVESTMENT OPPORTUNITY!! Multi-Residential complex situated on just OVER 20 ACRES of Land. This property features 6 Freestanding Residential Buildings, a 5plex, Single home, and 2 Prefab homes. Along with rental income from a Log Shack, Barn and 4 Rental Spaces used for storage and RV. CAP Rate of 6.49% with OPPORTUNITY of additional rental income from storage or pasture land. Fully Tenanted and self managed property. Located just 1.5KM south of Cumberland. The residences are Surrounded by Mature Maple Trees, Pastures, and nature. In the back, there is a 40'x150' gravel parking area. 2 Drilled Wells, 3 Septic Systems, Propane Sourced Heating. VTB Available, CALL FOR MORE DETAILS! (id:31145)

Property Details

MLS® Number 1389862
Property Type Multi-family
Neigbourhood Cumberland West
Parking Space Total 50

Building

Fireplace Present No
Heating Fuel Propane
Heating Type Forced Air, Radiant Heat
Stories Total 2
Utility Water Drilled Well

Land

Acreage Yes
Sewer Septic System
Size Depth 1217 Ft ,1 In
Size Frontage 518 Ft ,11 In
Size Irregular 20.37
Size Total 20.37 Ac
Size Total Text 20.37 Ac
Zoning Description Ag3

https://www.realtor.ca/real-estate/26852227/1675-dunning-road-cumberland-cumberland-west

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