Description
Conditionally Sold with NO Escape clause until December 4, 2025. Local originators are retiring and are ready to hand off to a new visionary. Pride of ownership is evident in this 9-unit one floor apartment complex made up of from two separate buildings. Current owners have sought a more senior clientele, and always a waiting list of eager applicants for the ever so rare turnover. Each self-contained one-bedroom unit contains a separate entrance, foyer, three-piece bath, kitchen, dining area, living room, owned 20-gallon electric hot water tank, forced air propane furnace, and one rental propane tank. Tenants pay for propane and hydro. Owner pays propane tank rental. Total rental income for the properties last fiscal year ending January 31, 2025, was an estimated $94,817.50, and for the same total expenses for the same period $26,036 (includes management fee of $5,085 paid to one of the Directors). The resulting net income of $68,780. Detached garage 24.3 x 41.9. Total lot area is 1.9 acres. Call your Realtor to request rent roll, income and expense report, and other informative documents.
Details
| MLS # | X12198376 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Sold Conditional |
| Year | 0 |
| Days On Site | 155 |
| Listing Provided By | RE/MAX Parry Sound Muskoka Realty Ltd | X12198376 547700 |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 9 |
| Basement | Y |
| Acreage | 3.46 |
Interior
| Interior Features | Primary Bedroom - Main Floor, Separate Hydro Meter |
|---|---|
| Cooling | None |
| Heat Source | Propane |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Insulated Concrete Form |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Septic |
|---|
Taxes
| Tax Annual Amount | 7365.96 |
|---|---|
| Tax Legal Description | PCL 12932 SEC SS; LT 17 PL M15; LT 18 PL M15; LT 19 PL M15 EXCEPT THE ROW FOR THE SAVAGE SETTLEMENT COLONIZATION RD AS RESERVED IN THE ORIGINAL PATENT FROM THE CROWN; KEARNEY |
| Tax Year | 2024 |
Area Information
| Province | ON |
|---|---|
| County | Parry Sound |
| City | Kearney |
| Postal Code | P0A 1M0 |
| Area | Kearney |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Parry Sound |
| City | Kearney |
| Postal Code | P0A 1M0 |
| Area | Kearney |
