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$ 2,150,000
Est. payment | /mo
10 Baths
5,100 SqFt
$ 2,150,000
Est. payment | /mo
10 Baths
5,100 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $421
MLS Listing ID X10440139
Annual Tax Amount $5,583
Tax Year 2024
Lot Size 0.500 Acres
Property Description
"The Blue Jay" presents a prime opportunity for investors seeking stable returns in a high-demand rental area. This well-maintained 10-unit building features six 850 sq ft 2-bedroom units, two 1-bedroom + den units, and two 1-bedroom units. Each unit is thoughtfully laid out to maximize space and functionality, appealing to a wide range of tenants. Located just a short walk from lake access and nestled against a serene forested backdrop, "The Blue Jay" offers a natural setting that attracts tenants looking for both tranquility and proximity to outdoor activities. The property currently generates $156,000 in annual rental income with low annual operating expenses, providing immediate cash flow for prospective buyers. The new building constructed in 2019 is not subject to rent control. With solid rental income and a desirable location, "The Blue Jay" is an investment opportunity you don’t want to miss. Come and explore the potential this property offers for your portfolio!
Location
Province ON
County Parry Sound
Area Parry Sound
Rooms
Basement None
Kitchen 0
Interior
Interior Features Separate Heating Controls
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Other
Garage Spaces 20.0
Pool None
Utilities Available Unknown
Roof Type Metal
Total Parking Spaces 20
Building
Lot Description Irregular Lot
Foundation Concrete Block
New Construction false
Others
Security Features Unknown
Listed by Royal LePage Lakes Of Muskoka Realty, Brokerage, Huntsville - Centre Street
GET MORE INFORMATION
Melissa, Maria & Amanda 3rd Ave Realty Team
Realtor | License ID: 4769738
+1(705) 888-0860 | info@thirdavenue.ca