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42A HURON ST Deep River, ON K0J 1P0
1.33 Acres Lot
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Key Details
Property Type Other Types
Sub Type Apartment 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1418728
Annual Tax Amount $28,145
Tax Year 2024
Lot Size 1.335 Acres
Property Sub-Type Apartment 5+ Units
Property Description
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!
Location
Province ON
Rooms
Basement Full
Interior
Heating Electricity
Exterior
Roof Type Other (See Remarks)
Building
Story 2
Foundation Block
Sewer Sewer Connected
Water Municipal
Structure Type Brick
Listed by ROYAL LEPAGE EDMONDS & ASSOCIATES
Nearby Locations