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POTENTIAL, POTENTIAL, POTENTIAL!!Take advantage of the huge demand and shortage of rentals with this RARE all brick, 23 Unit nestled in the beautiful town of Deep River close to the shores of the Mighty Ottawa River. This safe, quiet, friendly and vibrant community is known for a great place to retire and is on the doorsteps of major employers like the expanding CNL Labs and Garrison Petawawa with many amenities. Offering all 2 Bedroom Units priced at only $87,000 per unit! This building has the potential to gross over $300k at market rents and offer an 8% cap rate. Incredible opportunity with massive upside potential and possibly space for another smaller building on the lot (Buyer to verify). Tons of parking, coin operated laundry, and single storage room on each level. Extremely well-maintained building and excellent tenants (many retired). Mandatory 48 hr. irrev. on all offers. Newer Roof (2017). Replacement cost would exceed $7,500,000! (id:24093)
Listed by Jason Turcotte of ROYAL LEPAGE EDMONDS & ASSOCIATES

Property Details of 42a Huron Street

Property Details

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"Based on information submitted to CREA as of December 7, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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