For Sale

$774,900.00

99 WEST RIVER Street, Paris, ON N3L 2V4

8 Beds

Remarks

This 4 plex has a 3 bedroom apartment and a one bedroom apartment on each side. (1800 sq ft each side). The Owners unit will be vacated on the sale. The rest of the tenants are to be assumed. The market rent for the owners 3 bedroom unit is about $1800 plus gas and hydro. The one bedroom 101B rent is $623 plus gas and hydro. 99A 3 bedroom rent is $862.50 plus gas and hydro. 99B one bedroom rent is $592.50 plus gas and hydro. The tenant rents are low compared to market rents.Gross rents $3878/month. ($46536/year). Owner pays water approx $2300, taxes $4056 and insurance $1680. Net income $38500 4.8% cap rate.THE OWNERS UNIT IS EASY TO SHOW ON SHORT NOTICE. UNIT 101A. Due to the virus the other tenants units will shown after an accepted offer (with buyer's conditions). There are pictures of all the units.

Inclusions:

CARBONMONOX,SMOKEDETECTOR

Exclusions:

Tenants possessions

Property Summary

  • Lot Frontage: 105.00 Feet
  • Lot Depth: 120.00 Feet
  • Floor Space (approx): 3600.00 Square Feet
  • Built in: 1903
  • Bedrooms: 8
  • Zoning: rc

Property Features:

  • Acres Range:
    < 0.5
  • Basement Finish:
    Unfinished
  • Basement Type:
    Partial Basement
  • Construction Materials:
    Brick
  • Features Area Influences:
    River/Stream
  • Foundation Detail:
    Stone
  • Heating:
    Forced Air , Gas
  • Interior Features:
    Accessory Apartment
  • Laundry Features:
    None
  • Roof:
    Asphalt Shing
  • Security Features:
    Carbon Monoxide Detector(s) , Smoke Detector(s)
  • Sewer:
    Sewer (Municipal)
  • Under Contract:
    Hot Water Heater
  • Water Source:
    Municipal-Metered
Lifestyle
Neighbourhood Info
Agent

Bill Austin

Sales Representative

Phone: 519.753.7311

Cell: 519.865.8359

Get More Info