26
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$999,900
Est. payment /mo
9 Beds
9 Baths
Pending
150 Main ST Kearney, ON P0A 1M0
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Kearney
MLS Listing ID X12198376
Style Bungalow
Bedrooms 9
Annual Tax Amount $7,365
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Local originators are retiring and are ready to hand off to a new visionary. Pride of ownership is evident in this 9-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 propane furnace, and one rental propane tank. Tenants pay for propane and hydro. Owner pays propane tank rental. Total rental income for the properties last fiscal year ending January 31, 2025, was an estimated $94,817.50, and for the same total expenses for the same period $26,036 (includes management fee of $5,085 paid to one of the Directors). The resulting net income of $68,780. Detached garage 24.3 x 41.9. Total lot area is 1.9 acres. Call your Realtor to request rent roll, income and expense report, and other informative documents.
Location
Province ON
County Parry Sound
Community Kearney
Area Parry Sound
Rooms
Family Room No
Basement Crawl Space
Kitchen 9
Interior
Interior Features Primary Bedroom - Main Floor, Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Propane
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 418.0
Lot Depth 361.0
Total Parking Spaces 9
Building
Foundation Insulated Concrete Form
Listed by RE/MAX Parry Sound Muskoka Realty Ltd