$2,550,000
3842 GARY STREET
Beds
0
Baths
—
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for North Glengarry. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
WOW! Just over $216,000 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. Massive 1,212,710-square-foot residential lot. Beyond the income it generates, it already has substantial value based solely on the land. 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! (id:65958)
- Subtype
- Multi-family
- Architectural style
- Bungalow
- Structure
- Other
- Community
- 720 - North Glengarry (Kenyon) Twp
- Common interest
- Leasehold
- Lot dimensions
- 836.7 x 1374.6 FT
- Bedrooms
- 0 above grade
- Parking
- 0 total
- Stories
- 1
- On market
- Dec 2, 2025
- Status changed
- Apr 24, 2026
- Annual tax
- $35,219.04
- Photos
- 5
- MLS#
- X12594916
- Area
- NORTH_GLENGARRY
Features and systems
Parking
Basement
Heating
Cooling
Lot
Cash on cash
-6.26%
Cap rate
3.61%
GRM
16.7
Break-even rent
$15,550
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.