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$ 1,999,999
Est. payment | /mo
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Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X10418676
Annual Tax Amount $28,145
Tax Year 2024
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!
Location
Province ON
County Renfrew
Community 510 - Deep River
Area Renfrew
Zoning R-4
Region 510 - Deep River
City Region 510 - Deep River
Rooms
Family Room No
Interior
Cooling Unknown
Exterior
Pool None
Utilities Available Unknown
Roof Type Other
Building
Foundation Block
Others
Security Features Unknown
Pets Allowed Unknown
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! "