$129,000
00 CHARLOTTE AVENUE
Beds
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Baths
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Sqft
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Year
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Type
Vacant Land
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for South Stormont. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
INVESTOR & DEVELOPER ALERT - RARE MULTI-PARCEL OPPORTUNITY. Rare opportunity to acquire three combined parcels of land (3 PINs under one ownership) totaling approximately 0.70 acres, offering significantly more usable space than the municipal listing reflects. Buyers are encouraged to refer to the attached survey for full and accurate lot dimensions. Located in a growing residential area with municipal water available, this oversized site presents excellent potential for income-generating development in Eastern Ontario. Zoning Permits Flexible Development Options Including: Purpose-built Duplex (two self-contained residential units) Single-Family Home with a Secondary Dwelling Unit (SDU)A Secondary Dwelling Unit (SDU) - also known as an Accessory Dwelling Unit (ADU), in-law suite, or granny flat - is a fully self-contained living space with its own kitchen, bathroom, and sleeping area, and may be: Attached to the main dwelling Created within existing space (basement or garage conversion) Constructed as a new detached structure (subject to zoning and approvals) Ideal For: Long-term rental investors seeking dual income streams Developers building modern multi-generational housing Owner-occupants looking to live in one unit and rent the other to offset mortgage costs With multiple configuration options, strong rental demand across Eastern Ontario, and a larger-than-typical lot size, this property offers cash-flow potential, long-term appreciation, and future flexibility. A standout opportunity to develop two residential units or a home plus Secondary Dwelling Unit on a parcel substantially larger than it appears on paper. (id:65958)
- Subtype
- Vacant Land
- Community
- 716 - South Stormont (Cornwall) Twp
- Lot dimensions
- 125 x 173 FT ; 1
- Parking
- 0 total
- On market
- Jan 16, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $703 (2026)
- Zoning
- RES11
- Photos
- 4
- MLS#
- X12702748
- Area
- SOUTH_STORMONT
Features and systems
Parking
Basement
Heating
Cooling
Utilities
Cash on cash
67.75%
Cap rate
18.42%
GRM
4.5
Break-even rent
$867
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.