120 Military Road, South Glengarry
- Added: 1 month ago
- Updated: 3 weeks ago
- Last Checked: 6 days ago
- Listed by: RE/MAX AFFILIATES MARQUIS LTD.
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Listing description
This Other at 120 Military Road South Glengarry, ON with the MLS Number x12265766 listed by HEATHER OUDERKIRK - RE/MAX AFFILIATES MARQUIS LTD. on the South Glengarry market 1 month ago at $1,899,000.
An entire 12-unit apartment-style condominium building offering multiple strategies for the savvy investor. Each unit is a fully registered 2-bedroom condo with parking, providing the option to hold as a single income-generating asset or sell units individually for future profit, with an estimated market value of approximately $200,000 per unit.Two units were recently rented at $1,550 per month, setting the precedent for the buildings pro forma at an impressive $223,200 in annual income potential. This is a high-performing property in a strong rental market with steady demand and room to grow. Each condo has in-unit laundry, aside from the 4 basement units which share a coin laundry room (bringing in additional passive income). All major capital components are in good condition, and the building has been well-maintained.With projected market rents of $1,550 per unit, the building supports a potential cap rate of nearly 10%. Whether youre looking to build long-term wealth, set up a retirement plan, or scale your real estate portfolio, this property checks all the boxes. Condo fees and individual unit titles offer flexibility and ease of management. Vendor Financing (VTB) available, making this opportunity even more attractive for buyers looking to maximize leverage and returns. Contact us today for full financials and to schedule a private tour. (id:1945)
Property Details
Key information about 120 Military Road
Exterior & Lot Features
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Nearby Listings Stat Estimated price and comparable properties near 120 Military Road
Active listings
22
Min Price
$215,000
Max Price
$3,900,000
Avg Price
$1,240,245
Days on Market
43 days
Sold listings
10
Min Sold Price
$199,900
Max Sold Price
$1,699,900
Avg Sold Price
$782,330
Days until Sold
98 days
Nearby Places Nearby schools and amenities around 120 Military Road
Cornwall Regional Airport
(7.7 km)
19403 Airport Rd, Cornwall
Price History
July 6, 2025
by RE/MAX AFFILIATES MARQUIS LTD.
$1,899,000
