South River P0A 1M0 Ontario
MLS: X12198359
Added 17 days ago | For Sale
Listed by: RE/MAX Parry Sound Muskoka Realty Ltd
Local originators are retiring and are ready to hand off to a new visionary. Pride of ownership is evident in this 8-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 natural gas furnace. Tenants pay for natural gas, and hydro. Total rental income for the properties last fiscal year ending January 31, 2025, was an estimated $91,666.25 and for the same total expenses for the same period $33,777.47 (includes management fee of $5,085 paid to one of the owners). These result in a net income of $57,882.78. Total lot area is 9 acres. Call your Realtor to request rent roll, income and expense report, and other informative documents.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Foyer | 5 ft, 1 in x 8 ft, 10 in | |
| Bathroom | 3 Pc Bath | 5 ft, 1 in x 8 ft, 10 in | |
| Kitchen | 7 ft, 10 in x 8 ft | ||
| Dining Room | 7 ft, 9 in x 7 ft, 8 in | ||
| Living Room | 10 ft, 1 in x 12 ft, 3 in | ||
| Bedroom | 10 ft, 10 in x 10 ft | ||
| Bathroom | 3 Pc Bath | 5 ft, 1 in x 8 ft, 10 in | |
| Bathroom | 3 Pc Bath | 5 ft, 1 in x 8 ft, 10 in | |
| Bathroom | 3 Pc Bath | 5 ft, 1 in x 8 ft, 10 in | |
| Bathroom | 4 Pc Bath | 5 ft, 1 in x 8 ft, 10 in | |
| Bathroom | 3 Pc Bath | 5 ft, 1 in x 8 ft, 10 in | |
| Bathroom | 3 Pc Bath | 5 ft, 1 in x 8 ft, 10 in | |
| Bathroom | 3 Pc Bath | 5 ft, 1 in x 8 ft, 10 in |
No property rooms available.
