$699,000
FOR SALE

Fourplex

Bedrooms: 7Bathrooms: 4Lot: 66 x 115 ft

31 John Street
Sturgeon Falls, ON P2B 1X9

Modernized four-unit building features three 2-bedroom units & one 1-bedroom unit, each equipped with in-suite laundry and individually metered for hydro, ensuring streamlined operations and predictable expenses. Net annual income of $50,796 (after management, vacancy, & maintenance fees). Gross annual income of $72K, this turn-key asset offers solid returns. Double the rental income by adding four more units makes this a strategic investment! The property is zoned R3, includes a substantial side lot, offering the potential to build an additional 4-plex—positioned to get a permit and start building plans! Located on a desirable corner lot in Sturgeon Falls, close to essential amenities such as parks, restaurants, shopping, and the Upper Sturgeon River, it attracts professional tenants. . Potential vendor take-back (VTB) financing available, this property presents a compelling opportunity for investors and builders looking to capitalize on future growth. (id:47421)
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Listed By REALTY EXECUTIVES Local Group Inc. Brokerage
Data Provided By North Bay and Area REALTORS® Association
MLS® Listing Number 40621842
Last Updated Aug 07, 2024
Property Summary
Property Type Fourplex

More like this:
Subdivision Sturgeon Falls/Cache Bay/Crystal Falls
Price History

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Detailed Information
Bedrooms 7
Bathrooms 4
Lot 66 x 115 ft
Amenities Nearby Hospital, Park, Place of Worship, Playground, Schools, Shopping
Community Features Community Centre, School Bus
Listing Contract Date 2024-07-22
Location Description Front St, South on Holditch, corner of Holditch and John
Ownership Type Freehold
# of Parking Spaces 6
Property Type Multi-family
Transaction Type For sale
Zoning Description R3
Building
Basement Development Unfinished
Basement Type Partial (Unfinished)
Constructed Date 1920
Cooling Type None
Exterior Finish Vinyl siding
Foundation Type Stone
Heating Fuel Electric
Heating Type Baseboard heaters
Stories Total 2
Type Fourplex
Utility Water Municipal water
Land
Total Size under 1/2 acre
Amenities Hospital, Park, Place of Worship, Playground, Schools, Shopping
Sewer Municipal sewage system

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