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$ 799,900

18 Roselawn Boulevard, South River, ON P0A 1M0

South River, ON, P0A 1M0

MLS® Number : X12198359

8 Beds / 8 Baths / 8 Parking

Lot Front: 67 Feet / Lot Depth: 428 Feet

Description


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.

Extras


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Property Type

Multiplex

Neighbourhood

South River

Garage Spaces

8

Property Taxes

$ 7,696.82

Area

Parry Sound

Additional Details


Building


Bedrooms

8

Bathrooms

8

Utilities


Water

Municipal

Sewer

Septic

Features


Kitchen

8

Family Room

No

Basement

Crawl Space

Fireplace

No

External Features


External Finish

Vinyl Siding

Property Features


Cooling And Heating


Cooling Type

None

Heating Type

Forced Air

Bungalows Information


Days On Market

0 Days

Rooms

Metric

Imperial


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