60 Church Street Parry Sound, Ontario P2A 1Y7
$2,200,000
Explore the multifaceted investment opportunity at 60 Church Street in the heart of Parry Sound, where potential meets profitability. This unique property offers a mix of 9 diverse residential units, comprising four two-bedroom apartments, four one-bedroom apartments, and a spacious three-bedroom apartment. Adding to its appeal is a versatile shop/garage space with three bays and double depth for additional rental income or operational use. Nestled on a substantial lot, 60 Church Street presents an exceptional chance for expansion, allowing investors to envision and execute additional development. Seize the opportunity to capitalize on immediate cash flow while strategically planning future growth in a location poised for appreciation. The rents are 27% below market value and that means great upside potential. Gross Income - $161,163. Financials available upon submitting a confidentiality agreement (See Attachment Section). (id:58043)
Property Details
| MLS® Number | 40563973 |
| Property Type | Multi-family |
| Features | Shared Driveway, Laundry- Coin Operated |
| ParkingSpaceTotal | 17 |
Building
| BathroomTotal | 10 |
| BedroomsTotal | 12 |
| BasementDevelopment | Partially Finished |
| BasementType | Full (partially Finished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| SizeInterior | 7623 Sqft |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| AccessType | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 320 Ft |
| SizeFrontage | 264 Ft |
| SizeTotalText | 1/2 - 1.99 Acres |
| ZoningDescription | R3 |
https://www.realtor.ca/real-estate/26785789/60-church-street-parry-sound
Interested?
Contact us for more information
Stephanie Maye
Broker of Record
19 Poyntz Street, Suite 100
Barrie, Ontario L4M 3N8
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 13 2024 04:49:55
Barrie & District Association of REALTORS® Inc.
Maven Commercial Real Estate Brokerage