Attention Savvy Investors and Developers!

Unlock the potential of this prime parcel of land with an existing building, poised for transformation into a lucrative apartment complex in Cornwall. With the City's full support and enticing tax incentives, this is your chance to capitalize on a golden opportunity.

Development Highlights:

City-Backed Project:
The City of Cornwall is fully committed to infill land development, endorsing the construction of a 38-42 apartment complex with 100% land coverage.

Tax Incentives:
Take advantage of generous tax breaks and incentives from both the city and government, minimizing your costs and maximizing your profits.
CMHC's MLI Select Program: Access additional support through CMHC's MLI Select program, offering competitive financing options and mortgage loan insurance tailored to multi-unit developments. 100% LTV - Learn more - https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect

Property Features:
Existing Rental Income: Generate immediate cash flow with $10,000/month in rental income from the warehouse on the property.
Utilities Available: Electricity and gas, and water infrastructure are already in place, streamlining the development process and reducing costs. (Serviced)

Low Monthly Expenses:
With monthly expenses of only $2,500, this property offers a compelling return on investment from day one.

Investment Advantage:
Seize the opportunity to capitalize on Cornwall's thriving real estate market. With strong rental demand and strategic location, this project promises long-term growth and stability for your investment portfolio.

Profit Potential:
Maximize your returns with a meticulously planned apartment complex designed to meet the needs of Cornwall's growing population. Whether you choose to rent out units or sell them individually, the potential for profitability is substantial.

Contact Us Today:
Don't let this exceptional opportunity pass you by. Contact us today to learn more about this property and take the first step toward securing your financial future.

Invest wisely. Develop boldly. Succeed in Cornwall's burgeoning real estate market.

Disclaimer: All information provided is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.

irfan@mreic.ca
(514) 556-8914 (NO Texting)
When you call please mention you found this ad listing on OKz.ca