For Sale

2946 LOUGH Road, South Mountain, Ontario K0E1W0

$825,000

2946 LOUGH Road, South Mountain, Ontario K0E1W0 is For Sale and has a listing price of 825,000. The property is located in the North Dundas neighbourhood. It's been on the website for 39 Days.

  • Multi-family
    Property Type
  • 15
    Parking Spaces
  • MLS ID: 1415483
  • Office Name REALTY EXECUTIVES REAL ESTATE LTD.
Property Description

Introducing a Unique Opportunity: an apartment building featuring SEVEN fully rented units, plus the potential for FIVE additional units across the second and third floors. With all finished units currently occupied, you can start generating income immediately. The infrastructure for plumbing and electrical is already in place on the upper floors, making expansion straightforward. Also this 3 acre property in the heart of South Mountain may qualify to construct a separate multi-unit on it, pending zoning application approvals. Don’t wait—this is your chance to invest in the thriving real estate market! Note: Showings are not available after 5PM due to the upper floors being under construction. A confidentiality agreement (Form 560) must be signed before any financial information is disclosed. Video of Interior is virtually staged to show potential of unfinished units. Please respect the privacy of current tenants. Act quickly—this opportunity won’t last! (id:43137)

Property Details
  • Virtual Tour: Click Here
  • MLS ID: 1415483
  • Price: $825,000
  • Transaction Types: For Sale
  • Ref ID: 27517027
  • Year Built: N/A
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
10/07/2024 1415483 $825,000 For Sale - -
05/13/2024 1391771 $825,000 For Sale - -
02/08/2024 1376873 $950,000 For Sale - -
08/02/2023 1354616 $950,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
North Dundas
  • $716,168 Average List Price
    based on 1 year
  • 29 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 365.4 % Up
  • Sold (12mo) 6
  • Rented (12mo) 0

  • 1 Month Change +1.6%
  • 3 Month Change +8.7%
  • 6 Month Change -45.0%
Walkscore
  • 21 Walk Score
    Car-Dependent
  • 33 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    77.9%
  • Commercial
    16.92%
  • Condo
    0.95%
  • Land for Sale
    4.23%
Additional Details
  • Sewers Septic System
  • Heat Source Electric, Natural Gas
  • Heating System Baseboard Heaters, Radiant Heat
  • Water Drilled Well
  • Exterior Brick, Siding
  • Total Parking Spaces: 15
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 07/10/2024 00:00:00
  • Zoning D
  • Agent Name: CATHY HAY
  • Last Updated: 18/10/2024 17:10:44
Open House Dates
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