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$699,000
Est. payment /mo
6 Baths
3,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $211
Subdivision Powassan
MLS Listing ID X12236544
Annual Tax Amount $4,338
Tax Year 2024
Property Sub-Type Investment
Property Description
Investment Opportunity in the Heart of Powassan! Welcome to 9 Fairview Lane an updated, income-producing gem with historic charm and modern potential. This stately 6-bedroom, 6-bathroom home is currently tenanted and generating a solid 6% cap rate. Each spacious bedroom features its own ensuite bath, making it an ideal setup for continued rental income or a seamless transition into a licensed Bed & Breakfast, thanks to RU-10 zoning. Over the past 5 years, major upgrades have been completed: new natural gas furnace, full electrical rewire, all new plumbing, windows, and septic system. The roof was replaced just 2 years ago, leaving peace of mind for years to come. With over 3,200 sq. ft. above grade and a third-floor finished loft space, there's room to grow or reimagine the layout. Situated on a generous 1.2-acre lot, this is a rare chance to own a turnkey asset with character, cash flow, and flexibility.
Location
Province ON
County Parry Sound
Community Powassan
Area Parry Sound
Zoning RU-10
Interior
Cooling No
Inclusions All Furnishings
Exterior
Utilities Available Yes
Lot Frontage 187.29
Lot Depth 292.0
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Listed by Century 21 Blue Sky Region Realty Inc., Brokerage