Active

42A HURON STREET

Deep River Ontario, K0J1P0

C$1,999,999


Active

Residential

 Courtesy of ROYAL LEPAGE EDMONDS & ASSOCIATES 

INCREDIBLE OPPORTUNITY!! Take advantage of the huge demand and shortage of rentals with this RARE all brick, 23 Unit nestled in the booming 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. 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. New Roof (2017). VERY CLEAN, WELL MAINTAINED BUILDING! Price is FIRM, Replacement cost over $7,500,000! (id:41202)

X10418676

MLS ID

January 15, 2025

Updated

Map

42A HURON STREET
Deep River Ontario, K0J1P0

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Baseboard heaters, Electric

Exterior/Building Features

Sewer

Sanitary sewer

Other Property Details

Garage

No


Parking Total

36


View

No


Water Source

Municipal water


Pool

No

Courtesy of ROYAL LEPAGE EDMONDS & ASSOCIATES

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