Added 3 weeks ago
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Type: Investment
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Property Type: Commercial
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Zoning: R-4
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Age: No Data
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Taxes: 28145
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MLS®#: X10418676
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Days on Site: 17 Days
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Added: Oct 30, 2024 (3 weeks ago)
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Updated:
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Last Checked: 3 hours ago
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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
St Anthony's Separate School
Elementary: CatholicSt Mary's Our Lady of Good Counsel Separate School
Elementary: CatholicHerman Street Public School
Elementary: PublicOur Lady of Sorrows Separate School
Elementary: CatholicMackenzie Community School - Elementary School
Elementary: PublicValour JK to 12 School - Elementary School
Elementary: PublicÉcole secondaire publique L'Équinoxe
Secondary: PublicRenfrew County Adult Day School
Secondary: PublicÉcole secondaire catholique Jeanne-Lajoie
Secondary: CatholicMackenzie Community School - Secondary School
Secondary: PublicValour JK to 12 School - Secondary School
Secondary: PublicBishop Smith Catholic High School
Secondary: Catholic