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Opportunity, Opportunity, Opportunity! Triple the advantage of home ownership with this Triplex in the heart of Paris! With a metal roof and detached barn this 2.5 storey bricked Triplex currently has 2 tenants (one unit owner occupied) making it a financially sound turn key income property. A 35'x39' 2 storey barn built in the mid 1800s would add additional income as is, or improve the space and make an absolutely amazing space! However, the real advantage to this property lies in the core commercial zoning - zoning that provides a unique opportunity to be part of the vibrant main street business community of downtown Paris. An opportunity to join the many independent retailers and operate your own business with street level access in the bustling core of town - a business, a home and additional income all in one place! Well known for its beauty with the Grand River as its backdrop, Paris was rated as the 7th best community in Canada by Macleans magazine in 2019. In addition, the town is experiencing a residential building boom that will expand the local consumer base for the foreseeable future. Put your business expertise to work here where life is Grand! Two units currently rented at $1,500, One unit Vacant as of August 31, One unit Owner Occupied with use of Barn. Rents + Hydro. Gross income Estimated at $67,200 fully rented. Net Income Estimated $58,788 a 5.8% Cap Rate!! (id:24093)
Listed by Brian Stolp of Peak Alliance Realty Inc.

Property Details of 142 Grand River Street North

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"Based on information submitted to CREA as of August 14, 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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