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42A HURON STREET
Deep River Ontario , K0J1P0 , Canada
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Jason Turcotte
Agent
Sales Representative
Phone: 613.735.1062
Cell: 613.401.9505

Royal LePage Edmonds & Associates
Brokerage:
104 - 141 LAKE STREET
Pembroke, ON
K8A5L8
Phone: 613.735.1062
Fax: 613.735.2664
/jumplisting/rlp/images/logo/rlp_logo_sm.gif

Erica Turcotte
Agent Photo
Licensed Assistant
Phone: 613.735.1062

Brokerage:
Royal LePage Edmonds & Associates
104 - 141 LAKE STREET
Pembroke, ON
K8A5L8
Phone: 613.735.1062
Fax: 613.735.2664
$1,999,999.00
MLS® X10418676
Investment
Lot Frontage: 181.9 Feet
Lot Size: Unit=181.92 FT ; 1
No. of Parking Spaces: 36
Zoning: R-4
Remarks:
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:27)

Property Features:
  • Property Type: Multi-family
  • Sewer: Sanitary sewer
Building Features:
  • Building Type: Multi-Family
  • Exterior Finish: Brick
  • Foundation Type: Block
  • Heating Fuel: Electric
  • Heating Type: Baseboard heaters

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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