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$799,900
Est. payment /mo
8 Beds
8 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision South River
MLS Listing ID X12198359
Style Bungalow
Bedrooms 8
Annual Tax Amount $7,696
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Local originators are retiring and are ready to hand off to a new visionary. Pride of ownership is evident in this 8-unit one floor apartment complex made up of from two separate buildings. Current owners have sought a more senior clientele, and always a waiting list of eager applicants for the ever so rare turnover. Each self-contained one-bedroom unit contains a separate entrance, foyer, three-piece bath, kitchen, dining area, living room, owned 20-gallon electric hot water tank, forced air natural gas furnace. Tenants pay for natural gas, and hydro. Total rental income for the properties last fiscal year ending January 31, 2025, was an estimated $91,666.25 and for the same total expenses for the same period $33,777.47 (includes management fee of $5,085 paid to one of the owners). These result in a net income of $57,882.78. Total lot area is 9 acres. Call your Realtor to request rent roll, income and expense report, and other informative documents.
Location
Province ON
County Parry Sound
Community South River
Area Parry Sound
Rooms
Family Room No
Basement Crawl Space
Kitchen 8
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 67.0
Lot Depth 428.0
Total Parking Spaces 8
Building
Foundation Insulated Concrete Form
Others
Virtual Tour https://youtu.be/KWBemqJx7rA
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Listed by RE/MAX Parry Sound Muskoka Realty Ltd