31 John Street Sturgeon Falls, Ontario P2B 1X9
$699,000
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. (id:35492)
Property Details
| MLS® Number | 40621842 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Playground, Schools, Shopping |
| Community Features | Community Centre, School Bus |
| Parking Space Total | 6 |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 7 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1920 |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Stone |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 1750 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Playground, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 115 Ft |
| Size Frontage | 66 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/27199429/31-john-street-sturgeon-falls
Interested?
Contact us for more information
Mike Burman
Broker of Record
www.mikeburmanhomes.ca/
www.facebook.com/MikeBurmanRealEstate/
www.linkedin.com/feed/?trk=
325 Main Street, West
North Bay, Ontario P1B 2T9
(705) 478-8588
www.realtyexecutivesnorthbay.com
Josee Laperle
Salesperson
www.joseelaperle.ca/
https://www.facebook.com/LaperleEstate
https://www.linkedin.com/in/josee-laperle-27b00447?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_contact_details%3BVtW8SBqASbOR7wqKlUyGBg%3D%3D
https://www.instagram.com/laperleestates/
325 Main Street, West
North Bay, Ontario P1B 2T9
(705) 478-8588
www.realtyexecutivesnorthbay.com
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
North Bay Real Estate Board
Realty Executives Local Group Inc. Brokerage
August 07 2024 03:06:37
