3842 Gary St - Specialty FOR SALE


Alexandria, ON K0C 1A0
$2,550,000 CAD
613-774-2323
3842 Gary St, Alexandria, ON for Sale
$2,550,000 CAD
Specialty - FOR SALE
1/5
null | 8.16% Cap Rate

3842 Gary St
Alexandria, ON K0C 1A0


HIGHLIGHTS

  • Generates over $208,000 in annual gross income with 100% occupancy across 47 land-leased mobile homes.
  • Low-maintenance investment with tenants responsible for their homes, resulting in reduced operating and insurance costs.
  • Situated on 28 acres with 14 drilled wells and individual septic systems, ensuring self-sustaining infrastructure.
  • Prime location in Alexandria—just 1 hour from Montreal and Ottawa, with full amenities and long-term tenant demand.

OVERVIEW

WOW! Just over $208,000 in annual gross income in Alexandria!! Solid, low-maintenance investment property now available with this excellent income-generating mobile home park in Alexandria. This 28 acre lot contains 47 mobile homes with land leases. Land tenants own their mobile homes in this very nice and quiet community. The owner is responsible for road, water and septic maintenance (infrastructure). There are drilled wells (14) to supply all mobile homes and each home has it's own septic system. This is an excellent opportunity which has no vacancy loss with a 100% occupancy rate as tenants do not want to risk losing their investment. Mobile home parks offer low maintenance costs because each tenant is responsible for their home, which also leads to low insurance costs for the park owner. Alexandria is a large town with all amenities including shopping, hospital and anything else you might need! Situated 1 hour from Montreal and 1hr from Ottawa. With the current demand for housing, this affordable option for housing is sure to attract clientele in the long-term! Ask for the information package!

FOR SALE DETAILS

PRICE

$2,550,000 CAD

PRICE/SF

$2 CAD /SF

CAP RATE

8.16%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

27.86 AC

LAND SF

1,213,397 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Emily BlanchardRoyal LePage Oldford TeamMore Info
613-774-2323

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Emily BlanchardRoyal LePage Oldford TeamMore Info
613-774-2323

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.