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). (id:47421)
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Detailed Information
Bedrooms
12
Bathrooms
10
Lot
264 x 320 ft
Features
Shared Driveway, Laundry- Coin operated
Listing Contract Date
2024-04-22
Location Description
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.
Ownership Type
Freehold
# of Parking Spaces
17
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R3
Building
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Cooling Type
None
Exterior Finish
Brick
Foundation Type
Block
Heating Fuel
Electric
Heating Type
Baseboard heaters
Stories Total
2
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
1/2 - 1.99 acres
Access Type
Road access
Sewer
Municipal sewage system
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