42A HURON STREET , Deep River Ontario K0J1P0

Sale $1,999,999 |

Listing # 1388628

Jason Turcotte

Sales Representative

Phone: 613.735.1062
Mobile: 613.401.9505

jturcotte@royallepage.ca

jasonturcotte.ca

Erica Turcotte

Licensed Assistant

Phone: 613.735.1062

erica@royallepage.ca

Royal LePage Edmonds & Associates, Brokerage (Independently owned and operated)

Brokerage

270 LAKE STREET
Pembroke, ON K8A7Y9

Phone: 613.735.1062
Fax: 613.735.2664
scott@royallepage.ca

Remarks:

INCREDIBLE OPPORTUNITY!! Take advantage of the huge demand and shortage of rentals with this RARE all brick, 23 Unit nestled in the booming 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 $87,000 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. 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. New Roof (2017). VERY CLEAN, WELL MAINTAINED BUILDING! Price is FIRM, Replacement cost over $7,500,000! (id:27)

Investment

Neighbourhood:	Huron
Lot Frontage:	181.9 Feet
No. of Parking Spaces:	36
Acreage:	Yes
Zoning:	R-4

Property Features:

Ownership Type:	Other, See Remarks
Property Type:	Multi-family
Sewer:	Municipal sewage system

Building Features:

Exterior Finish:	Brick
Foundation Type:	Block
Heating Fuel:	Electric
Heating Type:	Baseboard heaters

Royal LePage Edmonds & Associates, Brokerage (Independently owned and operated)

Brokerage

270 LAKE STREET
Pembroke, ON K8A7Y9

Phone: 613.735.1062
Fax: 613.735.2664
scott@royallepage.ca

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