DAVID OIKLE

BROKER

42A HURON STREET
Deep River, Ontario K0J1P0

$1,999,999

ID# X10418676
INCREDIBLE OPPORTUNITY!! Take advantage of the huge demand and shortage of rentals with this RARE all brick, 23 Unit nestled in the booming beautiful town of Deep River close to the shores of the Mighty Ottawa River. This safe, quiet, friendly and vibrant community is known for a great place to retire and is on the doorsteps of major employers like the expanding CNL Labs and Garrison Petawawa with many amenities. Offering all 2 Bedroom Units priced at only $87,000 per unit! This building has the POTENTIAL to gross over $300k at market rents and offer an 8% cap rate. Incredible opportunity with massive upside potential and possibly space for another smaller building on the lot. Tons of parking, coin operated laundry, and single storage room on each level. Extremely well-maintained building and excellent tenants (many retired). Mandatory 48 hr. irrev. on all offers. New Roof (2017). VERY CLEAN, WELL MAINTAINED BUILDING! Price is FIRM, Replacement cost over $7,500,000! (id:25961)

INTERESTED IN THIS PROPERTY?

General Inquiry
Courtesy of ROYAL LEPAGE EDMONDS & ASSOCIATES
Listed on: October 31, 2024

On market: 134 days
Heating Type Baseboard heaters
Heating Fuel Electric

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Address Price Bed Bath SqFt Area Sub Area Brokerage
13 HIGHLAND CRESCENT Deep River
13 HIGHLAND CRESCENT
 $479,900 3 2 60 x 110 FT Deep River RE/MAX PEMBROKE REALTY LTD.
110 - 25 TAMARACK STREET Deep River
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 $224,900 2 1 Deep River JAMES J. HICKEY REALTY LTD.
93 PINEWOOD PLACE Deep River
93 PINEWOOD PLACE
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33 HAMMOND COURT Deep River
33 HAMMOND COURT
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25 SPRUCE CRESCENT Deep River
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1010 BEATTY CRESCENT Deep River
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DAVID OIKLE

BROKER

384 Richmond Road

Ottawa, ON. K2A 0E8

Phone: 613.729.9090

CONTACT DAVE

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