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15579 COUNTY ROAD 18 ROAD, SOUTH STORMONT
2025-05-27
Quick Summary
- Location
- 15579 COUNTY ROAD 18 ROAD, SOUTH STORMONT, Ontario K0C1R0
- Price
- $599,000
- Status:
- For Sale
- Property Type:
- Retail
MLS®#X12175658
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. (id:32467)
Property Features
Building
- Cooling Type: None
- Fireplace: No
- Building Type: Residential Commercial Mix
Land
- Land Size: 0.73 ac
Zoning
- Description: Commercial
Information entered by EXIT REALTY SEAWAY
Listing information last updated on: 2025-10-23 00:42:57
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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