42A HURON Street Image 1

$1,999,999

Oct 31, 2024Investment For Sale
bedroomsbed
washrooms0bath
MLS - #X10418676

42A HURON Street, Deep River, ON K0J 1P0

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Similar Homes Found
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Average Price
199999900.0%
Higher than average

Price Comparison

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Property Description

Property type

Investment

Lot size

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Style

Approx. Area

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About 42A HURON Street

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!

Home Overview

Last updated

Mar 6

Virtual tour

None

Basement information

Building size

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Status

In-Active

Property sub type

Investment

Maintenance fee

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Year built

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Listed by ROYAL LEPAGE EDMONDS & ASSOCIATES

Additional Details

Basement:N/A
Cooling:Unknown
Heating:Baseboard
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$NaN/ month
$1,599,999 Principal and Interest
$NaN Property Taxes

Location

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