120 MILITARY Road
724 - South Glengarry (Lancaster) Twp
Stormont, Dundas and Glengarry
K0C 1N0
$1,899,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X12265766
- Photos (36)
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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. Currently generating solid rental income, with 2 vacant units offering immediate upside through lease-up or strategic improvements.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.
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 0 sq. ft. Square Feet
- Total Area:
- 0 sq. ft.0 m2
- Depth:
- 86'7"26.4 m
- Frontage:
- 136'10½"41.7 m
- Water supply:
- Municipal
- Zoning:
- Residential (R4)
- Heating type:
- Baseboard
- Garage:
- None
- Possession Details:
- FLEXIBLE
- HST Applicable To Sale Price:
- In Addition To
- Type Taxes:
- Annual
- Taxes:
- $19,026.61 / 2025
- Assessment:
- $- / -
- South Glengarry
- 724 - South Glengarry (Lancaster) Twp
- Stormont, Dundas and Glengarry
- Utilities:
- Available
- Energy Certification:
- No
- Green Property Information Statement:
- No
- Air Conditioning:
- No
- Seller Property Info Statement:
- No
- Condo Fee:
- $310
- Expenses Actual/Estimated:
- Estimated
- Hydro Expenses:
- $2,417
- Insurance Expenses:
- $10,895
- Tax Expenses:
- $19,026
- Water Expenses:
- $6,067
- Year Expenses:
- 2025
- Category:
- Apartment
- Date Listed:
- Jul 06, 2025
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Listed by RE/MAX AFFILIATES MARQUIS LTD.
Data was last updated July 6, 2025 at 02:15 PM (UTC)
- Bosley Real Estate
- 1 (416) 322-8000
- Contact by Email
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