LOADING

42a Huron Street Deep River, Ontario K0J 1P0

Baseboard Heaters Acreage

$1,999,999

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:46679)

Property Details

MLS® Number 1305966
Property Type Multi-family
Neigbourhood Huron
Parking Space Total 36

Building

Exterior Finish Brick
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Utility Water Municipal Water

Land

Acreage Yes
Sewer Municipal Sewage System
Size Frontage 181 Ft ,11 In
Size Irregular 1.34
Size Total 1.34 Ac
Size Total Text 1.34 Ac
Zoning Description R-4

https://www.realtor.ca/real-estate/24713921/42a-huron-street-deep-river-huron

Interested?

Contact us for more information


Your Favourites

 

No Favourites Found