$1,999,000
Available - For Sale
Listing ID: X12123533
1070 592 N/A North , Perry, P0A 1J0, Parry Sound
| Seller states Cap Rate = 7.1%. All figures to be verified by the Buyer. The "Blue Jay" is a large, two building multi residential rental property with 10 units located across from Clear Lake, with the public boat launch and beach close by. A New well system was installed December 2024. Each building has it's own separate septic system. Evergreen Heights Public School and Highlands Child Care Centre is located 7 minutes away in Emsdale while the hustle and bustle of Huntsville is only 12 minutes away. A further income potential, the utility room has 3 hook up locations for laundry to add coin washers and dryers. Each unit has separate entrance. Parking accommodates 20+ vehicles. Building 1 has six large, 850+ Sq. Ft per unit, 2 bedroom units. Tenants pay their own hydro/heat. Every unit has had updates, 2 units renovated, 2021 & 2023. Building 2 is NOT subject to rent control, and was completed September 2019. 2 Units are 1 bedroom PLUS den, and 2 units are 1 bedroom, heat and hydro is included for these units. With a current gross annual rent of $158,256.12 and low operating costs of $17,030.36 - this multi residential property could be a great investment to expand your portfolio! |
| Price | $1,999,000 |
| Taxes: | $5583.70 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 1070 592 N/A North , Perry, P0A 1J0, Parry Sound |
| Postal Code: | P0A 1J0 |
| Province/State: | Parry Sound |
| Legal Description: | LT 34-35 PL 167; PERRY |
| Directions/Cross Streets: | 592 & McSwell Harbour |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 0 | |
| Washroom Type 32 | 0 | |
| Washroom Type 33 | 0 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 5100.00 |
| Total Area Code: | Square Feet |
| Business/Building Name: | The Blue Jay |
| Financial Statement: | T |
| Chattels: | F |
| Franchise: | F |
| Employees #: | 0 |
| Management Expense: | 0 |
| Water Expense: | $0 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| Sewers: | Septic |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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At a Glance:
| Type: | Com - Investment |
| Area: | Parry Sound |
| Municipality: | Perry |
| Neighbourhood: | Perry |
| Tax: | $5,583.7 |
| Fireplace: | N |
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