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Team Realty

42A HURON STREET

Deep River, Ontario K0J1P0

$2,399,999

ID# 1305966
POTENTIAL, POTENTIAL, POTENTIAL!! VTB Possible! Take advantage of the huge demand and shortage of rentals with this RARE all brick, 23 Unit nestled in the 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 $104,400 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 (Buyer to verify). 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. Newer Roof (2017). Replacement cost would exceed $7,500,000! VTB possible! (id:25961)
Courtesy of ROYAL LEPAGE EDMONDS & ASSOCIATES

Listed on: July 27, 2022

On market: 19 days
Bathroom Total 0
Half Bathrooms Total 0
Heating Type Baseboard heaters
Heating Fuel Electric
Stories Total 2