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Sturgeon Falls,ON P2B 1X9
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $399
MLS Listing ID 40621842
Bedrooms 7
Abv Grd Liv Area 1,750
Originating Board North Bay
Year Built 1920
Annual Tax Amount $4,128
Property Description
Modernized four-unit building features three 2-bedroom units & one 1-bedroom unit, each equipped with in-suite laundry and individually metered for hydro, ensuring streamlined operations and predictable expenses. Net annual income of $50,796 (after management, vacancy, & maintenance fees). Gross annual income of $72K, this turn-key asset offers solid returns. Double the rental income by adding four more units makes this a strategic investment! The property is zoned R3, includes a substantial side lot, offering the potential to build an additional 4-plex—positioned to get a permit and start building plans! Located on a desirable corner lot in Sturgeon Falls, close to essential amenities such as parks, restaurants, shopping, and the Upper Sturgeon River, it attracts professional tenants. . Potential vendor take-back (VTB) financing available, this property presents a compelling opportunity for investors and builders looking to capitalize on future growth.
Location
Province ON
County Nipissing
Area West Nipissing
Zoning R3
Direction Front St, South on Holditch, corner of Holditch and John
Rooms
Basement Separate Entrance,Partial,Unfinished
Kitchen 0
Interior
Interior Features Separate Heating Controls,Separate Hydro Meters
Heating Baseboard,Electric
Cooling None
Fireplace No
Appliance Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Exterior Feature Private Entrance,Separate Hydro Meters
Waterfront No
Roof Type Metal
Porch Deck
Lot Frontage 66.14
Lot Depth 115.0
Garage No
Building
Lot Description Ample Parking,Hospital,Library,Open Spaces,Park,Place of Worship,Playground Nearby,Public Parking,Rec./Community Centre,School Bus Route,Schools,Shopping Nearby,Trails
Faces Front St, South on Holditch, corner of Holditch and John
Story 2
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Vinyl Siding
New Construction No
Others
Senior Community false
Tax ID 490790493
Ownership Freehold/None