Solid Investment Opportunity! Fully Leased 6-unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 units, including two 2-bedroom apartments. All units have new decks, kitchens, furnaces, and updated plumbing, along with upgraded 200-amp service. The property is well-maintained with a young 8-year-old roof and 9-year-old boiler system, offering minimal maintenance and reliable cash flow. Prime Location & Development Potential: This property is situated at a high-traffic corner and offers excellent visibility and consistent rental income. With flexible commercial-residential zoning and future development potential, this is a turnkey, high-yield investment with value-add opportunities. Neighbour interest has been expressed, and the motivated seller presents a rare chance to capitalize on long-term capital appreciation. Dont miss this as-is, passive income opportunity. **** EXTRAS **** 6 Fridges, 6 Stoves, 6 Dishwashers, 1 Washer, 1 Dryer, ** Hot Water Tanks Rental. (35004803) (id:58315)
| BusinessType | Residential |
| BusinessSubType | Apartments |
| MLS® Number | C8391534 |
| Property Type | Multi-family |
| Community Name | Cabbagetown-South St. James Town |
| BedroomsTotal | 13 |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 2551 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 132 Ft ,6 In |
| SizeFrontage | 19 Ft ,3 In |
| SizeIrregular | 19.28 X 132.56 Ft |
| SizeTotalText | 19.28 X 132.56 Ft |
| ZoningDescription | Commercial |
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97 James Street
Parry Sound, ON P2A 1T9
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