Property Details

12231 HWY 17, Sturgeon Falls, Ontario

12231 HWY 17, Sturgeon Falls, Ontario (ID 40179700)
Listing Representative
Sohail Rouhani portrait
Sohail Rouhani
Sales Representative
RE/MAX Legend Real Estate Inc., Brokerage - North Bay
Cell: 705-493-8999
Tel: 705-495-4555
Toll free: 866-569-4555
Website

$599,900 - For Sale

ID#:40179700

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.

Property Details
  • Property Address:12231 HWY 17, Sturgeon Falls, Ontario
  • Property Type:Residential
  • Lot Size:412.00 x 208.00 412.00 ft Frontage
  • Acreage:1.0 - 2.99 Acres
  • Sewage Type:Septic Approved
  • Water Type:Drilled Well
  • Driveway:10
Structure Details for 12231 HWY 17, Sturgeon Falls, Ontario
  • Heating Type:Electric
  • Exterior Type:Vinyl Siding, Wood
Amenities for 12231 HWY 17, Sturgeon Falls, Ontario Major Highway, Near Shopping
Listing Representative for 12231 HWY 17, Sturgeon Falls, Ontario
Sohail Rouhani portrait
Sohail Rouhani
Sales Representative
RE/MAX Legend Real Estate Inc., Brokerage - North Bay
Cell: 705-493-8999
Tel: 705-495-4555
Tollfree: 866-569-4555
Website
Request Information
Mortgage Calculator Inputs
Mortgage Calculator Results
Note: All calculations for informational purposes only, and should be verified.
Get Pre-Approved

Loading...

12231 HWY 17, Sturgeon Falls, Ontario

* not intended to solicit those currently under contract. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
Translate ┬╗