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)
| MLS® Number | 40563973 |
| Property Type | Multi-family |
| Features | Shared Driveway, Laundry- Coin Operated |
| ParkingSpaceTotal | 17 |
| 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 |
| Detached Garage |
| 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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