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142 Grand River Street N Paris, Ontario N3L 2M5

7 Bedroom 3 Bathroom 2583
Central Air Conditioning Forced Air

$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


Brian Stolp
Broker

(519) 442-3100
www.soldbystolp.com
Peak Alliance Realty Inc.
36 Grand River St N
Paris, Ontario N3L 2M2

(519) 442-3100
www.peakrealestate.com/

Interested?

Contact us for more information


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