42A HURON Street, Deep River | Image 1

42A HURON Street

Deep River, 510 - Deep River

  • Commercial

$X,XXX,XXX
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R-4

  • Age: No Data

  • Taxes: 28145

  • MLS®#: X10418676

  • Days on Site: 43 Days

  • Added: Oct 31, 2024 (1 month ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: ROYAL LEPAGE EDMONDS & ASSOCIATES

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!

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 106472

  • Area: Deep River

  • Community: 510 - Deep River

  • Availability Date: TBD

Building

  • Heat Type: Baseboard

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 36

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT T2 PL 303 ROLPH; PT BLK T PL 303 ROLPH AS IN R335484 ; S/T R3

  • Taxes: $28,145

  • Insurance Fee: 19282

  • Operating Fees: 131611

Land

  • Cross Street: Take Trans Canada HW

  • Municipality District: Deep River

  • Parcel Number: 570670071

  • Sewer: Sewers

  • Lot Frontage: 181.92 Feet

  • Lot Irregularities: 1

  • Zoning: R-4

Commercial Specific

  • Gross Income/Sales: 238083

Map of 42A HURON Street, Deep River
JK-8

St Anthony's Separate School

Elementary: Catholic
9.81 km
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St Mary's Our Lady of Good Counsel Separate School

Elementary: Catholic
0.41 km
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Herman Street Public School

Elementary: Public
28.64 km
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Our Lady of Sorrows Separate School

Elementary: Catholic
27.97 km
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Mackenzie Community School - Elementary School

Elementary: Public
0.78 km
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Valour JK to 12 School - Elementary School

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29.13 km
9-12

École secondaire publique L'Équinoxe

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41.93 km
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Renfrew County Adult Day School

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École secondaire catholique Jeanne-Lajoie

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39.55 km
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Mackenzie Community School - Secondary School

Secondary: Public
0.77 km
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Valour JK to 12 School - Secondary School

Secondary: Public
29.14 km
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Bishop Smith Catholic High School

Secondary: Catholic
43.62 km
40 Ridge Road, Deep River | MLS: X9035678
For Sale
5 months ago
$1,649,000
  • 0 bath
  • 0 bed

40 Ridge Road, Deep River, Ontario • K0J 1P0 • Deep River