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$399,900
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision 706 - Winchester
MLS® Listing ID X12029859
Originating Board Ottawa Real Estate Board
Property Description
Looking for a low-maintenance investment property? Let's chat about this income-generating mobile home park in Winchester. This 1.3 acre lot contains 7 mobile homes with land leases, located in a quiet community and backing onto fields on the edge of town, but still walking distance to all of the amenities available in Winchester. The owner of the mobile home park is responsible for infrastructure maintenance (road, water and septic), but the mobile home tenants are responsible for maintaining their homes, which results in a hands-off investment property. There is municipal water and septic systems supplied to all homes. This is an excellent investment opportunity which has no vacancy loss with a 100% occupancy rate as tenants do not want to miss a payment and risk losing their home. Also, the insurance costs are far less than mult-residential properties. Winchester is a great town with all amenities including shopping, hospital and anything else you might need! Situated 40 min south of Ottawa. With the current demand for housing, this affordable option is sure to attract clientele for many years to come! Gross income was $27,084, expenses were $4918 (net $22,165) for 2024. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Exterior
Parking Features No
Community Features School Bus
View Y/N No
Total Parking Spaces 12
Private Pool No
Building
Sewer Septic System
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Listed by ROYAL LEPAGE TEAM REALTY