33 lakeshore Drive
South Dundas, ON
- 8,202 sqft
- Investment
- 157 days on market
Well-maintained 6-unit investment property located in Morrisburg, featuring five bright 2-bedroom units and one 1-bedroom unit. Each unit offers comfortable living space with functional layouts, appealing to a wide range of tenants. The building includes on-site laundry for added convenience. Situated in a desirable and growing community, this property presents a solid opportunity for investors seeking steady income with long-term potential and upside. Stabilized revenue of 9.7K/month, annual income of $116.2K with a net operating income (NOI) of $105K, reflecting a strong cap rate of 9.5%. Please see attachment for detailed rent roll, income, and expense information.
Listing Details
- Taxes (2025)
- $4,127
- Listed
- April 2, 2026
Price History
Listing history
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Property
- Lot Size
- 50 x 150 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- South from Ottawa (Bank St/Hwy 31) to Morrisburg - proceed through traffic circle and west on Lakeshore. SP on South side of Lakeshore.
- Zoning
- R2
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 6 fridge, 6 stove, 2 washer, 2 dryer
Community
Postal area K0C
- Population
- 52,838
- Private dwellings
- 22,714
- Median age
- 48.4
- Average household size
- 2.4
- Median household income
- $84,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in South Dundas · last 12 months
- Median sold price
- $395,000
- Homes sold
- 142
- Median days on market
- 42
- Sale-to-list price
- 94.7%
Based on 142 recorded sales of commercial properties in South Dundas over the last 12 months.
Listed by
LOTFUL REALTY
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 8,202 sq ft
- Price per sq ft
- $134.11
- Annual property tax
- $4,127
- Tax per sq ft
- $0.50
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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