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$ 3,750,000
Est. payment | /mo
$ 3,750,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision 719 - Alexandria
MLS Listing ID X12693134
Annual Tax Amount $18,149
Tax Year 2025
Property Sub-Type Investment
Property Description
Attention Investors!! Welcome to 73 and 75 Kenyon Street East in Alexandria, a rare opportunity to acquire two modern 8-unit buildings being sold together as a 16-unit multi-residential package. The buildings are located on two separately described parcels and share a common parking area, allowing them to be managed together efficiently under one ownership. Each building features spacious two-bedroom units with private exterior entrances and individual balconies or terraces, a highly desirable layout that appeals to today's tenants and minimizes common area maintenance. The units are bright, functional, and designed for long-term durability. Each suite is equipped with its own forced air natural gas furnace and electric hot water tank, with tenants paying all utilities and supplying their own appliances, with the exception of the over-the-range microwave, resulting in lower operating costs and reduced long-term maintenance for ownership. Constructed in 2018, these purpose-built buildings offer modern construction, energy efficiency, and low ongoing capital requirements. Located in the growing market of Alexandria, the property benefits from a stable local economy supported by agriculture, manufacturing, healthcare, education, retail, and transportation, with convenient access to surrounding communities. As tenancies turn over, there is potential for future rent increases, making this a compelling modern multi-residential investment with long-term upside.
Location
Province ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Zoning R4
Interior
Cooling Yes
Inclusions 16 Microwave Hood Fans, HVAC Equipment, Hot Water Tanks in each unit
Exterior
Parking Features Outside/Surface
Utilities Available Yes
Building
Lot Description Building
Others
Virtual Tour https://youtu.be/VtnyJYmhKvY
Lited by EXP REALTY
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