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60 Church Street Parry Sound, Ontario P2A 1Y7

12 Bedroom 10 Bathroom 7623 sqft
None Baseboard Heaters

$2,200,000

Explore the multifaceted investment opportunity at 60 Church Street in the heart of Parry Sound, where potential meets profitability. This unique property offers a mix of 9 diverse residential units, comprising four two-bedroom apartments, four one-bedroom apartments, and a spacious three-bedroom apartment. Adding to its appeal is a versatile shop/garage space with three bays and double depth for additional rental income or operational use. Nestled on a substantial lot, 60 Church Street presents an exceptional chance for expansion, allowing investors to envision and execute additional development. Seize the opportunity to capitalize on immediate cash flow while strategically planning future growth in a location poised for appreciation. The rents are 27% below market value and that means great upside potential. Gross Income - $161,163. Financials available upon submitting a confidentiality agreement (See Attachment Section). (id:51004)

Property Details

MLS® Number 40563973
Property Type Multi-family
Features Shared Driveway, Laundry- Coin Operated
Parking Space Total 17

Building

Bathroom Total 10
Bedrooms Total 12
Basement Development Partially Finished
Basement Type Full (partially Finished)
Cooling Type None
Exterior Finish Brick
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 7623 Sqft
Utility Water Municipal Water

Parking

Detached Garage

Land

Access Type Road Access
Acreage No
Sewer Municipal Sewage System
Size Depth 320 Ft
Size Frontage 264 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description R3

https://www.realtor.ca/real-estate/26785789/60-church-street-parry-sound


Stephanie Maye
Broker of Record

(705) 728-9000
(705) 728-0014
www.mavencommercial.ca
Maven Commercial Real Estate Brokerage
19 Poyntz Street, Suite 100
Barrie, Ontario L4M 3N8

(705) 728-9000
(705) 728-0014
www.mavencommercial.ca

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