10 Green Bay Road French River, Ontario P0M 1A0

$749,000

For those looking to build long-term wealth and work toward financial freedom, this is an investment opportunity worth exploring.Located in French River on a year-round road, just 6 minutes from amenities, this solid 6-unit residential building offers an established income stream with 0% vacancy and a mature, long-term tenant base.The building consists of two 2-bedroom units on the lower level, two 3-bedroom units on the main level, and two 1-bedroom units on the second level.Each apartment operates independently, with its own hydro meter and hot water tank. The individual hydro meters also service each tenant's designated parking area, providing convenient access to electricity for winter vehicle plug-ins, vacuuming and more. Units are heated by electric baseboards, with tenants responsible for their own heat and hydro.A seventh hydro meter services the building's common areas, storage rooms, hardwired smoke detectors, central vacuum system and fire alarm pull box.Additional income is generated through the dedicated laundry room, equipped with two sets of coin-operated laundry machines.The property also includes a storage area currently used for tools and paint, along with a dedicated water room featuring a brand-new, top-of-the-line water treatment system and a sump pump with battery backup. All equipment is owned. The building is self-contained with its own drilled well and septic system and has benefited from numerous upgrades and renovations over the years. Pride of ownership is evident throughout, with Units 1 and 3 most recently receiving complete renovations. Situated on a spacious double lot, the property provides ample parking at the front while the additional rear lot offers further space and possibilities for the future. Whether you are an experienced investor looking to expand your portfolio or exploring your first income-producing property, this offering provides an opportunity to own an established, fully occupied multi-residential asset. (id:35617)

• Great Location
• Double Lot
• 6 Plex
• 2- 1 Bedroom Units
• 2- 2 Bedroom Units
• 2– 3 Bedroom Units
• Long Term Tenant Base
• Laundry Income
• 100% Occupancy
• Turnkey
• Ample Parking
• Separate Metered Units
• Separate Metered Common Area
• Electric Heat
• Drilled Well
• Top of the Line Water System
• Septic System & Field bed.
• Large Parking Lot
• Car Plug-ins for Winter
• Many Upgrades
• Well Maintained
• Property Manager & Site Supervisor Established
• Taxes: $4627

 

Discover the Benefits of Owning a Proven Revenue Property!

 

For those looking to build long-term wealth and work toward financial freedom, this is an investment opportunity worth exploring.

Located in French River on a year-round road, just 6 minutes from amenities, this solid 6-unit residential building offers an established income stream with 0% vacancy and a mature, long-term tenant base.

The building consists of two 2-bedroom units on the lower level, two 3-bedroom units on the main level, and two 1-bedroom units on the second level.

Each apartment operates independently, with its own hydro meter and hot water tank. The individual hydro meters also service each tenant’s designated parking area, providing convenient access to electricity for winter vehicle plug-ins, vacuuming and more. Units are heated by electric baseboards, with tenants responsible for their own heat and hydro.

A seventh hydro meter services the building’s common areas, storage rooms, hardwired smoke detectors, central vacuum system and fire alarm pull box.

Additional income is generated through the dedicated laundry room, equipped with two sets of coin-operated laundry machines.

The property also includes a storage area currently used for tools and paint, along with a dedicated water room featuring a brand-new, top-of-the-line water treatment system and a sump pump with battery backup. All equipment is owned.

The building is self-contained with its own drilled well and septic system and has benefited from numerous upgrades and renovations over the years. Pride of ownership is evident throughout, with Units 1 and 3 most recently receiving complete renovations.

Situated on a spacious double lot, the property provides ample parking at the front while the additional rear lot offers further space and possibilities for the future.

The choice is yours!

Whether you are an experienced investor looking to expand your portfolio or exploring your first income-producing property, this offering provides an opportunity to own an established, fully occupied multi-residential asset.

Invest in your future and discover the benefits of revenue-property ownership!

 

 

 

 

Property Details

MLS® Number	X13850896
Property Type	Multi-family
Features	Irregular Lot Size
Parking Space Total	20

Building

Bathroom Total	6
Bedrooms Above Ground	12
Bedrooms Total	12
Appliances	All
Basement Type	Full
Cooling Type	Wall Unit
Exterior Finish	Vinyl Siding
Foundation Type	Block
Heating Fuel	Electric
Heating Type	Baseboard Heaters
Stories Total	2
Size Interior	3,500 - 5,000 Sqft
Type	Other

Parking

No Garage

Land

Acreage	No
Sewer	Septic System
Size Depth	328 Ft
Size Frontage	208 Ft ,9 In
Size Irregular	208.8 X 328 Ft
Size Total Text	208.8 X 328 Ft|1/2 - 1.99 Acres
Zoning Description	Ru

https://www.realtor.ca/real-estate/30352030/10-green-bay-road-french-river