31 JOHN Street

Sturgeon Falls, Ontario, P2B1X9, Canada

$699,000

Modernized four-unit building features three 2-bedroom units & one 1-bedroom unit, each equipped with in-suite laundry and individually metered for hydro, ensuring streamlined operations and predictable expenses. Net annual income of $50,796 (after management, vacancy, & maintenance fees). Gross annual income of $72K, this turn-key asset offers solid returns. Double the rental income by adding four more units makes this a strategic investment! The property is zoned R3, includes a substantial side lot, offering the potential to build an additional 4-plex—positioned to get a permit and start building plans! Located on a desirable corner lot in Sturgeon Falls, close to essential amenities such as parks, restaurants, shopping, and the Upper Sturgeon River, it attracts professional tenants. . Potential vendor take-back (VTB) financing available, this property presents a compelling opportunity for investors and builders looking to capitalize on future growth.

Last updated on : Wednesday 7th of August 2024 11:06:37 AM

ADDRESS

Street : 31 JOHN Street

City : Sturgeon Falls

Province : Ontario

Country : Canada

Postal Code : P2B1X9

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PROPERTY SUMMARY

Property ID : 40621842

Building Type : Fourplex

Property Type : Multi-family

Bedrooms : 7

Bathrooms : 4

Parking : 6

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