Property Information:

Exceptional Multi-Residential Investment Opportunity in the Heart of Merrickville Located in one of Eastern Ontario's most charming communities this purpose-built five-unit apartment building offers investors an outstanding combination of stable income, modern construction, and virtually worry-free ownership. Situated minutes away from Merrickville vibrant downtown core, residents enjoy convenient access to boutique shopping, restaurants, cafés, galleries, and the historic Rideau Canal. Constructed two years ago, this attractive building has been thoughtfully designed with both tenant comfort and long-term ownership in mind. The property consists of five spacious two-bedroom apartments featuring contemporary layouts, quality finishes, and modern conveniences that continue to attract and retain excellent tenants. Each suite offers a bright, open-concept floor plan highlighted by soaring ceilings and generous living spaces that create an airy, welcoming atmosphere. Large windows allow for an abundance of natural light throughout the day, while modern electric fireplaces provide warmth, character. The kitchens are equipped with stainless steel appliances and ample cabinetry, seamlessly flowing into the dining and living spaces. In-suite laundry, spacious bedrooms, well-appointed bathrooms, and efficient floor plans that maximize functionality and comfort. Four of the five apartments feature private balconies, providing valuable outdoor living space. The property includes both indoor and outdoor parking accommodations. The building's low-maintenance design and relatively recent construction mean investors can focus on income generation rather than capital expenditures. All units are currently rented at market rates. The quality of the building, desirable suite layouts, and prime location contribute to strong tenant demand and excellent long-term rental prospects. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Type: None
Exterior Finish: Aluminum siding, Brick
Fire Protection: Controlled entry
Fireplace: Yes
Floor Space: 5000 - 100000 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Propane
Cooling Type: Central air conditioning
Appliances: Garage door opener remote, Water meter, Dryer, Oven, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 10
Bathrooms: 5
Features: Carpet Free
Floor Space (approx): 5000 - 100000 Square Feet
Irregular: Yes
Landscape Features: Landscaped
Lot Depth: 81.8 Feet
Lot Frontage: 59.2 Feet
Lot Size: 59.2 x 81.9 FT
View Type: City view
Zoning: R1
Sewer: Sanitary sewer
Parking Type: Attached garage, Garage
No. of Parking Spaces: 10

Courtesy of: RE/MAX HALLMARK REALTY GROUP

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Demographic Information of 117 DRUMMOND STREET W, Merrickville-Wolford, Ontario, K0G 1N0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$141,685.26

Average Number of Children

1.79

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.1 %

High school certificate or equivalent

28.37 %

Apprenticeship trade certificate/diploma

8.6 %

College/non-university certificate

27.7 %

University certificate (below bachelor)

0.12 %

University Degree

21.11 %

Commuter

Travel To Work

By Car

84.52 %

By Public Transit

0.0 %

By Walking

12.7 %

By Bicycle

0.0 %

By Other Methods

2.78 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

22.7 %

Houses

77.3 %

117 DRUMMOND STREET W, Merrickville-Wolford, Ontario, K0G 1N0