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60 Church Street Parry Sound, Ontario P2A 1Y7

12 Bedroom 10 Bathroom 7623 sqft
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. Gross Income - $161,163. Financials available upon submitting a confidentiality agreement (See Attachment Section). (id:31697)

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

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