Homes for sale - 15579 County Road 18 RD, South Stormont, ON K0C 1R...

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Mike Taylor

Nine Mile Realty

mike@ninemilerealty.ca +1(705) 985-1110

$ 599,000

Est. payment | -/mo

Save

$ 599,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Subdivision 715 - South Stormont (Osnabruck) Twp

MLS Listing ID X12175658

Annual Tax Amount $3,276

Tax Year 2024

Property Sub-Type Store W Apt/Office

Property Description

Presenting a rare and versatile investment opportunity this unique commercial-residential duplex offers multiple income streams from one property. Featuring a garage/shop, a seasonal chip stand, and two residential rental units, this property is ideally suited for entrepreneurs or investors looking to capitalize on a diverse portfolio. Currently owner-occupied, the two commercial spaces have strong income potential and are projected to generate approximately $24,000 annually. The residential units are fully rented, producing a combined annual income of $39,600, bringing the total potential revenue to an impressive $63,600 per year. The front residential unit is a spacious three-bedroom suite rented at $1,800/month, while the rear two-bedroom unit earns $1,500/month. The owner currently covers utility expenses, including hydro (approximately $3,184/year) and propane (approximately $3,970/year). Property taxes are $3,276 annually, and insurance is $2,723. Based on these figures, the net income is approximately $50,847, resulting in a solid CAP rate of 8.23% not including additional income potential from the chip stand, which could be rented out separately for further revenue. Recent updates include a propane furnace installed in 2024 in the front unit and a propane fireplace added in 2025 in the rear unit. Additional improvements include a water softener system, on-demand hot water system, new flooring in the rear unit, and a rebuilt back deck. The garage/shop is well-equipped with two bay doors, removable floating walls, a hoist, and radiant ceiling heating well-suited for a range of commercial uses. The chip stand features a built-in water sprinkler system for fire safety and offers attractive seasonal or rental income potential. Please note: all other equipment and business assets are excluded from the sale. (CAP Rate 8.23%) No allowance has been made for utility costs in the unit occupied by owner as the use will change. Currently large cooling for food.

Location

Province ON

County Stormont, Dundas And Glengarry

Community 715 - South Stormont (Osnabruck) Twp

Area Stormont, Dundas And Glengarry

Zoning Commercial

Interior

Cooling No

Inclusions Garage hoist

Exterior

Utilities Available Yes

Lot Frontage 160.15

Lot Depth 153.56

Others

Security Features Partial

Listed by EXIT REALTY SEAWAY

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

15579 County Road 18 RD South Stormont, ON K0C 1R0