21 River Street
Parry Sound, ON
MLS® 40392201
For sale $1,750,000
Interior Size
6047 ft2 Cash Cow Opportunity! Well Maintained & Recently Renovated 23 Unit Rooming House Located In The Heart Of Beautiful Parry Sound. Lots Of Upside Potential To Increase Rents To Market Rates & Add Additional Units. On-Site Coin Operated Laundry Facility. Great Location With Large Lot And Lots Of On-Site Parking. 20/23 Units Currently Vacant So Rents Can Be Set At Market Rates. Projected Year 1 Cap Rate Of 8.42%. Request Full Sales Package For More Details & Financials.
Property Details
Listing Contract Date
2023-03-24
2023-03-24
Property Type
Commercial
Commercial
Rental Equipment Type
Other
Other
Community Features
Hospital
Schools
Shopping Nearby
Trails
Building
Basement Type
Full
Finished
Full
Finished
Building Type
Building and Land
Building and Land
Construction Materials
Vinyl Siding
Vinyl Siding
Heating
Baseboard
Baseboard
Sewer
Sewer (Municipal)
Sewer (Municipal)
Interior Size
6047 Square Feet
6047 Square Feet
Stories
3
3
Water Source
Municipal
Municipal
Land
Lot Depth
164 ft
164 ft
Lot Front
66.00 ft
66.00 ft
Zoning
R2
R2
HoodQ
Phil Pantling
Salesperson
705-526-4271 (Direct)
647-391-2547 (Mobile)
Royal LePage In Touch Realty, Brokerage (Hwy 93)
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Last Updated: 2023-03-24 19:35:59