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20-28 Carraway Crescent in Stormont, Dundas and Glengarry: 701 – Morrisburg Commercial for sale (South Dundas) : MLS®# X12259134

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20-28 Carraway Crescent
701 - Morrisburg Stormont, Dundas and Glengarry K0C 1X0

$940,000 /For Sale
Commercial

Five Townhouse Unit Rental Investment Property
Photo 1: 20-28 Carraway Crescent in Stormont, Dundas and Glengarry: 701 - Morrisburg Commercial for sale (South Dundas) : MLS®# X12259134
Photo 2: 20-28 Carraway Crescent in Stormont, Dundas and Glengarry: 701 - Morrisburg Commercial for sale (South Dundas) : MLS®# X12259134
Photo 3: 20-28 Carraway Crescent in Stormont, Dundas and Glengarry: 701 - Morrisburg Commercial for sale (South Dundas) : MLS®# X12259134
Photo 4: 20-28 Carraway Crescent in Stormont, Dundas and Glengarry: 701 - Morrisburg Commercial for sale (South Dundas) : MLS®# X12259134
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12259134
Bus Major:
Apts - 2 To 5 Units
RESIDENTIAL 5-PLEX with below market rents creating lots of potential upside for the patient investor. Each of the 5 townhomes have a separate PIN identifications (see Document section) with the required R-Plan legal survey, but the Estate's listing condition(s) state that the property will only be sold as a block of 5-three bedroom residential units; the buyer/investor must assume all tenants; the Estate will not serve any Notices on behalf of a buyer under any circumstance under RTA; once the potential buyer has reviewed the I/E statement provided by the Estate it will be possible to inspect just one of the townhomes (all units have same typical layouts); and finally once a conditional offer is accepted by the Estate all units will be made available for inspection provided the RTA guidelines are respected for additional showings. The estimated net cash flow for the 5 units before any debt service or depreciation in 2024 is estimated to be approximately $20,700 based on current rents and expenses (see your agent for further details). Seller requires "As Is" SPIS signed & submitted with all offer(s) and requires 3 full business days irrevocable to review any/all offer(s).
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
31-50
Total Area:
5490 sq. ft. Square Feet
Total Area:
5,490 sq. ft.
Depth:
92'
Frontage:
107'
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
Residential
Heating type:
Baseboard
Garage:
None
Possession Details:
Subject to tenancies
Lot Irregularities:
see listing brokerage/survey
HST Applicable To Sale Price:
Included In
Development Charges Paid:
Unknown
Type Taxes:
Annual
Taxes:
$7,000 / 2025
Assessment:
$- / -
South Dundas
701 - Morrisburg
Stormont, Dundas and Glengarry
No
Nil
Tenants belongings
Utilities:
Available
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
No
Seller Property Info Statement:
Yes
Physically Handicapped-Equipped:
No
Financial Statements:
Yes
Gross income:
$34,800
Net Income Before Debt:
$20,700
Expenses Actual/Estimated:
Estimated
Insurance Expenses:
$4,600
Management Expenses:
$2,000
Tax Expenses:
$4,912
Operating Expenses:
$14,312
Year Expenses:
2024
Vacancy Allowance:
2800
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Franchise:
No
Chattels:
No
Date Listed:
Jul 03, 2025
Original Price:
$940,000
  • Photo 1: 20-28 Carraway Crescent in Stormont, Dundas and Glengarry: 701 - Morrisburg Commercial for sale (South Dundas) : MLS®# X12259134
    Five Townhouse Unit Rental Investment Property
  • Photo 2: 20-28 Carraway Crescent in Stormont, Dundas and Glengarry: 701 - Morrisburg Commercial for sale (South Dundas) : MLS®# X12259134
    Separate titles for each unit may be possible
  • Photo 3: 20-28 Carraway Crescent in Stormont, Dundas and Glengarry: 701 - Morrisburg Commercial for sale (South Dundas) : MLS®# X12259134
    Listing Condition: 5 unit block sold as a block
  • Photo 4: 20-28 Carraway Crescent in Stormont, Dundas and Glengarry: 701 - Morrisburg Commercial for sale (South Dundas) : MLS®# X12259134
    See your agent or L.B. for I/E details
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Listed by CAMERON REAL ESTATE BROKERAGE
Data was last updated July 5, 2025 at 06:15 AM (UTC)
DARYL KING
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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