| Property TypeMulti-family | Lot Size1.34 acres |
|
POTENTIAL, POTENTIAL, POTENTIAL!!Take advantage of the huge demand and shortage of rentals with this RARE all brick, 23 Unit nestled in the 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 (Buyer to verify). 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. Newer Roof (2017). Replacement cost would exceed $7,500,000! (id:46094) |
| Management CompanySleepeasy Property Management - | OwnershipFreehold |
| Parking Spaces36 | TransactionFor sale |
| Zoning DescriptionR-4 |
| Exterior FinishBrick | FoundationBlock |
| Bathrooms (Half)0 | Bathrooms (Total)0 |
| Heating FuelElectric | HeatingBaseboard heaters |
| Storeys Total2 | Utility WaterMunicipal water |
| Size Total1.34 ac | Size Frontage181 ft ,11 in |
| AcreageYes | SewerMunicipal sewage system |
| Size Irregular1.34 |
Listing Office: ROYAL LEPAGE EDMONDS & ASSOCIATES
Data Provided by Renfrew County Real Estate Board
Last Modified :20/09/2022 01:08:43 PM
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