Property Details

12231 HWY 17, Sturgeon Falls, Ontario, P2B2J5

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For sale, ID#: 40179700
12231 HWY 17
Sturgeon Falls Ontario
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0 Beds
0 Bath
$599,900

Investment Opportunity - 4 year old purpose built Triplex - fully rented with great mature tenants. This is a complete ground up build which also included new septic system / drilled well and hydro services coming into the property. This site is just under 2 acres (1.97) and has room for future growth. High quality tenants that take great care of the place and all get along. Room for future rent upside. (3) 2 bedroom units with in-suite laundry & fridge & stove all owned by landlord. R4 High Density Residential Zone (8+ units) will allow for future development on this site. Current NOI of $30,000 annual includes snow removal / repairs & maintenance / lawn care / septic pumpout. Current rents $1,375 inclusive / $1,275 + Hydro / $1,175 inclusive. There will be an opportunity to increase rents over time with turn over. Expenses: Property Taxes $5,500 / Insurance $4,740 / Hydro $3,797 / Snow $974 / Septic $350 / R & M $170 / Lawn $300. (id:2471)

Representatives
Shannon Unger and John Skidmore Broker of Record and Sales Representative,
RE/MAX Legend Real Estate Inc., Brokerage - North Bay
Property Details
  • Property Address: 12231 HWY 17, Sturgeon Falls, Ontario, P2B2J5
  • Property Type: Multi-family
  • Zoning Description: R4
  • Title: Freehold
  • Lot Size: 1.97
  • Acreage: 1.97 ac|1/2 - 1.99 acres
  • Water Type: Drilled Well
  • Access: Highway Nearby
  • Driveway: Detached Garage
  • Total Parking Spaces: 10
  • Amenities Nearby: Shopping
Structure Details
  • Structure Style: Triplex
  • Storeys: 1
  • Floor Space: 2700
  • Basement Type: Crawl space (Unfinished)
  • Heating Type: Electric
  • Cooling: None
  • Exterior Type: Vinyl siding, Wood
Amenities / Features
  • Country residential
Neighbourhood Information

Listing Office: RE/MAX Legend Real Estate Inc., Brokerage (138)

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12231 HWY 17, Sturgeon Falls, Ontario, P2B2J5

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