$ 1,999,999
42A HURON STREET Deep River, ON K0J1P0
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$ 1,999,999
Est. payment | /mo
1.34 Acres Lot
$ 1,999,999
Est. payment | /mo
1.34 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Other, See Remarks
Listing Status Active
Purchase Type For Sale
Subdivision Huron
MLS® Listing ID 1418728
Originating Board Renfrew County Real Estate Board
Lot Size 1.340 Acres
Acres 58370.4
Property Description
INCREDIBLE OPPORTUNITY!! Take advantage of the huge demand and shortage of rentals with this RARE all brick, 23 Unit nestled in the booming beautiful town of Deep River close to the shores of the Mighty Ottawa River. This safe, quiet, friendly and vibrant community is known for a great place to retire and is on the doorsteps of major employers like the expanding CNL Labs and Garrison Petawawa with many amenities. Offering all 2 Bedroom Units priced at only $87,000 per unit! This building has the POTENTIAL to gross over $300k at market rents and offer an 8% cap rate. Incredible opportunity with massive upside potential and possibly space for another smaller building on the lot. Tons of parking, coin operated laundry, and single storage room on each level. Extremely well-maintained building and excellent tenants (many retired). Mandatory 48 hr. irrev. on all offers. New Roof (2017). VERY CLEAN, WELL MAINTAINED BUILDING! Price is FIRM, Replacement cost over $7,500,000! (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 36
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Other, See Remarks
Listed by ROYAL LEPAGE EDMONDS & ASSOCIATES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "