Added 1 week ago
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Type: Multiplex
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Style: 2-Storey
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Lot Size: 97 x 131 Feet
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Age: No Data
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Taxes: $19,036 per year
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Days on Site: 3 Days
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Added: Apr 22, 2024 (1 week ago)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X8260478
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Listed By: Maven commercial real estate
Experience ease of management with ample basement space designated for storage or a superintendent's workshop, complemented by an external shed for snow or landscaping tools. The property has undergone a series of recent upgrades: a new roof, modernized kitchens in most units, vinyl plank flooring, and an upgrade to ABS plumbing. Operating at a 6.11% cap rate, many of the units are paying market rents and vacancies have shown to be filled quickly. The rents are 23.7% below market value and that means lots of upside potential. Experience immediate returns in this turn-key residential investment. Financials available upon submitting a confidentiality agreement (See Attachment Section).
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Property
Status: Sale
Property Type: Multiplex
Style: 2-Storey
Area: Parry Sound
Availability Date: Flexible
Inside
Bedrooms: 9
Bathrooms: 9
Kitchens: 9
Rooms: 14
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Washrooms: 9
Utilities
Gas: Yes
Telephone: Yes
Building
Basement: Finished
Basement 2: Full
Heat Type: Other
Heat Source: Gas
Exterior: Brick
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Available
Garage Type: None
Covered Parking Spaces: 9
Total Parking Spaces: 9
Fees
Tax Year: 2023
Tax Legal Description: LT 6 W/S MILLER ST PL 7; PT LT 5 W/S MILLER ST PL 7 AS IN RO1928
Taxes: $19,036
Land
Cross Street: Mary St & Miller St
Municipality District: Parry Sound
Fronting On: West
Parcel Number: 521110081
Pool: None
Sewer: Sewers
Lot Depth: 131 Feet
Lot Frontage: 97 Feet
Acres: < .50
Zoning: C1
Very Walkable
- Most errands can be accomplished on foot.
Somewhat Bikeable
- Most errands require a car.
Nobel Public School
Elementary: PublicParry Sound Intermediate School School
Elementary: PublicSt Peter the Apostle School
Elementary: CatholicMcDougall Public School
Elementary: PublicHumphrey Central Public School
Elementary: PublicParry Sound Public School School
Elementary: PublicGeorgian Bay District Secondary School
Secondary: PublicNorth Simcoe Campus
Secondary: PublicÉcole secondaire Le Caron
Secondary: PublicParry Sound High School
Secondary: PublicBracebridge and Muskoka Lakes Secondary School
Secondary: PublicSt Theresa's Separate School
Secondary: Catholic-
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