$ 1,999,999
42A HURON ST Deep River, ON K0J 1P0
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$ 1,999,999
Est. payment | /mo
0.5 Acres Lot
$ 1,999,999
Est. payment | /mo
0.5 Acres Lot
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
Lot Size 0.500 Acres
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
Area 510 - Deep River
Rooms
Family Room No
Basement Full, Finished
Interior
Cooling Unknown
Heat Source Electric
Exterior
Garage Spaces 36.0
Pool None
Utilities Available Unknown
Roof Type Other
Parking Type Unknown
Building
Story 2
Foundation Block
Others
Security Features Unknown
Pets Description 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! "