12 Bedroom
10 Bathroom
7623
None
Baseboard Heaters
$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. Financials available upon submitting a confidentiality agreement (See Attachment Section). (id:53603)
Property Details
|
MLS® Number
|
40563973 |
|
Property Type
|
Multi-family |
|
Features
|
Shared Driveway, Laundry- Coin Operated |
|
Parking Space Total
|
17 |
Building
|
Bathroom Total
|
10 |
|
Bedrooms Total
|
12 |
|
Basement Development
|
Partially Finished |
|
Basement Type
|
Full (partially Finished) |
|
Cooling Type
|
None |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Electric |
|
Heating Type
|
Baseboard Heaters |
|
Stories Total
|
2 |
|
Size Interior
|
7623 |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Access Type
|
Road Access |
|
Acreage
|
No |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
320 Ft |
|
Size Frontage
|
264 Ft |
|
Size Total Text
|
1/2 - 1.99 Acres |
|
Zoning Description
|
R3 |
https://www.realtor.ca/real-estate/26785789/60-church-street-parry-sound
