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21 River Street

Parry Sound, ON P2A 2T7
  • $1,750,000
  • STATUS: Active
  • ON SITE: 75 Days
  • MLS #: 40392201
UPDATED: 78 min ago
$1,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,047
    SQFT
  • $289
    $/SQFT
Neighbourhood:
Parry Sound
Type:
Commercial
County:
Parry Sound
Area:
Parry Sound

Description

Cash Cow Opportunity! Well Maintained & Recently Renovated 23 Unit Rooming House Located In The Heart Of Beautiful Parry Sound. Lots Of Upside Potential To Increase Rents To Market Rates & Add Additional Units. On-Site Coin Operated Laundry Facility. Great Location With Large Lot And Lots Of On-Site Parking. 20/23 Units Currently Vacant So Rents Can Be Set At Market Rates. Projected Year 1 Cap Rate Of 8.42%. Request Full Sales Package For More Details & Financials.

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2023-06-08T00:23:00.69.
www.fishmangroup.ca/homes/137996520
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21 River Street Parry Sound, ON P2A 2T7

  • Price: $1,750,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 78 min ago
  • MLS #: 40392201
0
Beds
0
Baths
0
½ Baths
N/A
Acres
6,047
SQFT
$289
$/SQFT
Neighbourhood:
Parry Sound
County:
Parry Sound
Area:
Parry Sound
Property Description
Cash Cow Opportunity! Well Maintained & Recently Renovated 23 Unit Rooming House Located In The Heart Of Beautiful Parry Sound. Lots Of Upside Potential To Increase Rents To Market Rates & Add Additional Units. On-Site Coin Operated Laundry Facility. Great Location With Large Lot And Lots Of On-Site Parking. 20/23 Units Currently Vacant So Rents Can Be Set At Market Rates. Projected Year 1 Cap Rate Of 8.42%. Request Full Sales Package For More Details & Financials.
Exterior Features

Commercial Doors Count 0 Construction Materials Vinyl Siding Direction Faces West Docking YN No Frontage Length 66.00 Frontage Type East Lot Features HospitalSchoolsShopping NearbyTrails Waterfront Features River/Stream Waterfront YN No

Interior Features

Basement FullFinished Cooling None Cooling YN No Fireplace YN No Heating Baseboard Heating YN Yes Kitchens Total 0

Property Features

Assessment Year 2022 Association Fee2 Frequency Monthly Common Elements Fee YN No Common Interest Freehold/None Condo Corporation YN No Cross Street Bowes St. & River St. Laundry Features Coin OperatedCommon Area Lot Depth 164 Net Income 147299 New Construction YN No Number Of Apartment Units 0 Property Sub Type Building And Land Sewer Sewer (Municipal) Transaction Type Sale Under Contract Other Water Source Municipal Zoning R2

Listing information © 2023 Information Technology Systems Ontario.
Listing provided courtesy of Phil Pantling of Royal Lepage In Touch Realty, Brokerage (Hwy 93).
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2023-06-08T00:23:00.69.
 
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23 Sandalwood Common
St. Catharines ON, L2M 0B3