ON > South River > South River
South River, ON P0A 1M0,18 Roselawn BLVD
South River, ON P0A 1M0,18 Roselawn BLVD
South River, ON P0A 1M0,18 Roselawn BLVD
South River, ON P0A 1M0,18 Roselawn BLVD
South River, ON P0A 1M0,18 Roselawn BLVD
South River, ON P0A 1M0,18 Roselawn BLVD
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 799,900
Est. payment | /mo

8 Beds

8 Baths

Save Virtual Tour
$ 799,900
Est. payment | /mo
Save Virtual Tour

8 Beds

8 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision South River

MLS Listing ID X12198359

Style Bungalow

Bedrooms 8

Annual Tax Amount $7,696

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 8-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 natural gas furnace. Tenants pay for natural gas, and hydro. Total rental income for the properties last fiscal year ending January 31, 2025, was an estimated $91,666.25 and for the same total expenses for the same period $33,777.47 (includes management fee of $5,085 paid to one of the owners). These result in a net income of $57,882.78. Total lot area is 9 acres. Call your Realtor to request rent roll, income and expense report, and other informative documents.

Location

Province ON

County Parry Sound

Community South River

Area Parry Sound

Rooms

Family Room No

Basement Crawl Space

Kitchen 8

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 67.0

Lot Depth 428.0

Total Parking Spaces 8

Building

Foundation Insulated Concrete Form

Others

Virtual Tour https://youtu.be/KWBemqJx7rA

Listed by RE/MAX Parry Sound Muskoka Realty Ltd
Fawad Nissari

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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