$475,000

22 Marie Street

South River ON, P0A 1X0

Description

Great investment opportunity in the heart of South River with great corner lot exposure from Highway 124. Operate your own business and have living quarters or have 6 rental incomes. 2 commercial units on the main floor, one 2-bedroom on main floor and three 2-bedroom apartments on the 2nd floor. Apartments rent for $500-$600/month plus tenants pay heat/hydro. Tenants are all in good-standing and would all like to stay. Some have been there 30+ and 10+ years. 2019 numbers were over $54,000 in rental income and netting approximately $40,000 after expenses. As of November 2020, the 2 commercial units on the main floor were combined to form the Guardian Pharmacy which has moved out but was generating $27,600 income. 1800 sq. ft. space in the former library downstairs - could be converted to apartments or rent as retail space. Men/women washrooms adjacent to former library. All units have separate hydro meters. Owner pays water, heat/hydro for common areas and library area. Don't miss your chance to own this multi-unit commercial property with great income!

Details

MLS#40047413
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site52

Features

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Area Information
ProvinceON
CountyParry Sound
CitySouth River
Postal CodeP0A 1X0
AreaSouth River
Listing VS Median (in P0A 1X0)
Price:
$475,000
low | high
Med:
$831,000
24.947368421053% of Average
On Site:
52
low | high
Med:
118.5
43.881856540084% of Average
Listing Updated: January 22, 2021 8:00:43 PM PST
Dylan Jarvis LogoMLS Number: 40047413
Listing Provided By:
Dylan Jarvis  of  Keller Williams Experience Realty Brokerage
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