142 Grand River Street N Paris, Ontario N3L 2M5
$999,000
Opportunity, Opportunity, Opportunity! Triple the advantage of home ownership with this Triplex in the heart of Paris! With a metal roof and detached barn this 2.5 storey bricked Triplex currently has 2 tenants (one unit owner occupied) making it a financially sound turn key income property. A 35'x39' 2 storey barn built in the mid 1800s would add additional income as is, or improve the space and make an absolutely amazing space! However, the real advantage to this property lies in the core commercial zoning - zoning that provides a unique opportunity to be part of the vibrant main street business community of downtown Paris. An opportunity to join the many independent retailers and operate your own business with street level access in the bustling core of town - a business, a home and additional income all in one place! Well known for its beauty with the Grand River as its backdrop, Paris was rated as the 7th best community in Canada by Macleans magazine in 2019. In addition, the town is experiencing a residential building boom that will expand the local consumer base for the foreseeable future. Put your business expertise to work here where life is Grand! Two units currently rented at $1,500, One unit Vacant as of August 31, One unit Owner Occupied with use of Barn. Rents + Hydro. Gross income Estimated at $67,200 fully rented. Net Income Estimated $58,788 a 5.8% Cap Rate!! (id:19593)
Property Details
| MLS® Number | 40297959 |
| Property Type | Multi-family |
| Amenities Near By | Schools |
| Equipment Type | None |
| Features | Paved Driveway, Shared Driveway |
| Parking Space Total | 4 |
| Rental Equipment Type | None |
| Structure | Barn |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 7 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1850 |
| Construction Style Attachment | Attached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 2583 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Land Amenities | Schools |
| Sewer | Municipal Sewage System |
| Size Frontage | 53 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Ha-c4 |
https://www.realtor.ca/real-estate/24709204/142-grand-river-street-n-paris
36 Grand River St N
Paris, Ontario N3L 2M2
(519) 442-3100
www.peakrealestate.com/
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August 07 2022 05:42:59
Brantford Regional Real Estate Assn Inc
Peak Alliance Realty Inc.