42a Huron Street Deep River, Ontario K0J 1P0

$1,999,999

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:43934)

Property Details

MLS® Number	1418728
Property Type	Multi-family
Neigbourhood	Huron
ParkingSpaceTotal	36

Building

ExteriorFinish	Brick
FoundationType	Block
HeatingFuel	Electric
HeatingType	Baseboard Heaters
StoriesTotal	2
UtilityWater	Municipal Water

Land

Acreage	Yes
Sewer	Municipal Sewage System
SizeFrontage	181 Ft ,11 In
SizeIrregular	1.34
SizeTotal	1.34 Ac
SizeTotalText	1.34 Ac
ZoningDescription	R-4

https://www.realtor.ca/real-estate/27601116/42a-huron-street-deep-river-huron