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$1,999,999
Available - For Sale
Listing ID: X10418676
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!
Price $1,999,999
Taxes: $28,145
Occupancy by: Tenant
Address: 42A HURON St , Deep River, K0J 1P0, Ontario
Postal Code: K0J 1P0
Province/State: Ontario
Legal Description: LT T2 PL 303 ROLPH; PT BLK T PL 303 ROLP
Directions/Cross Streets: Take Trans Canada HWY to Deep River, Turn Right onto Deep River Rd, Turn Left onto Huron St.
Zoning: R-4
Category: Apartment
Insurance Expense: $19282
Water Expense: $0
Gross Income/Sales: $238083
Operating Expenses: $131611
Net Income Before Debt: $106472
Heat Type: Baseboard
Sewers: Sewers
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE EDMONDS & ASSOCIATES

42A HURON St , Deep River, K0J 1P0, Ontario

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Freda Ziba
Sales Representative
Dir:
647-997-2120
Bus:
905-764-7111
Fax:
905-764-1274

 
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At a Glance:
Type: Com - Investment
Area: Renfrew
Municipality: Deep River
Neighbourhood: 510 - Deep River
Style:
Lot Size: 181.92 x 0.00(Feet)
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Tax: $28,145
Maintenance Fee: $0
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Freda Ziba
Century 21, Heritage Group LTD. , Brokerage
7330 Yonge Street
Thornhill , ON , L4J7Y7
 CONTACT FREDA ZIBA
Cell: 647-997-2120
Office: 905-764-7111
Email: fzibahomes@gmail.com