Maximum 4 project can be compared at one go.
$2,200,000
Status: For Sale
Explore the multifaceted investment opportunity at 60 Church Street in the heart of Parry Sound, where potential meets profitability. This unique property offers a mix of 9 diverse residential units, comprising four two-bedroom apartments, four one-bedroom apartments, and a spacious three-bedroom apartment. Adding to its appeal is a versatile shop/garage space with three bays and double depth for additional rental income or operational use. Nestled on a substantial lot, 60 Church Street presents an exceptional chance for expansion, allowing investors to envision and execute additional development. Seize the opportunity to capitalize on immediate cash flow while strategically planning future growth in a location poised for appreciation. The rents are 27% below market value and that means great upside potential. Gross Income - $161,163. Financials available upon submitting a confidentiality agreement (See Attachment Section).
Property Type | :Residential Income |
MLS Number | :40563973 |
Listing Type | :Sale |
Property Age | :Unknown years |
Possession Date | : |
Last Updated | :13 Jun, 2024 (100 Days ago) |
Source | :Barrie |
Area | :Parry Sound |
City | :Parry Sound |
Area Major | :Parry Sound |
Area Minor | :Parry Sound |
Postal Code | : P2A 1Y7 |
Directions | :From ON-400 N - Take exit 224 toward Parry Sound, Merge onto Bowes St. Continue onto Seguin St. Turn right onto Church St, Destination will be on the left. |
Price | : $2,200,000 |
Property Taxes | :$19379 |
Tax Year | :2023 |
Bedrooms | :12 + |
Heating | :Baseboard |
Place of Worship | :No |
Cross Street | :Station St & Church St |
Bathrooms | :10 |
Approx Square Footage | :7623 sqft |
Parking Space | :17 |
Basement | :Separate Entrance |
Garage | :6 |
25 Apr, 2024
TREB #40563973
Listed
$2200000