- 20 Acres
- Partially Air Conditioned
- Acreage
$1,899,900
INVESTMENT OPPORTUNITY!! Multi-residential complex situated on just over 20 acres of land. This unique property features 6 freestanding residential buildings, including a 5-Plex, a single family home, and two prefab homes. Additional income streams include a log shack, barn, and four rental spaces currently used for storage and RV parking. Offering a 6.75% CAP rate with further upside potential through expanded storage or pasture rental opportunities. The property is fully tenanted and self-managed, providing immediate and stable income. Ideally located just 1.5 km south of Cumberland, the residences are surrounded by mature maple trees, open pastures, and natural landscapes, creating a desirable rural setting for tenants. Additional features include a 40' x 150' gravel parking area, 2 drilled wells, 3 septic systems, and propane heating. Vendor Take-Back (VTB) financing available. Contact for more details! (id:50982)
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Details
| MLS® Number | X13025282 |
| Property Type | Multi-family |
| Community Name | 1116 - Cumberland West |
| Cooling Type | Partially Air Conditioned |
| Size Interior | 20 Acres |
| Type | Multi-family |
| Other |
| Acreage | Yes |
| Sewer | Septic System |
| Size Depth | 217 Ft |
| Size Frontage | 518 Ft ,10 In |
| Size Irregular | 20.34 |
| Size Total | 20.34 Ac |
| Size Total Text | 20.34 Ac |
| Zoning Description | Ag3 |
Map
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April 24 2026 05:43:52
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group