$1,600,000
 $8,589 est/mo Sourced by Back At You

55 Willow Street , Paris, ON N3L 2K8

Paris, ON N3L 2K8

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Description

Charming 10-Unit Apartment Building built in 1870 offering spacious 1 bedroom apartments with storage lockers and parking for 10+ vehicles. Nestled in one of Paris’ most vibrant neighborhoods, this exceptional building offers a terrific investment opportunity for savvy investors looking to expand your portfolio in a growing city. Original architectural details including high ceilings and stately trimwork is blended with modern updates to demonstrate the elevated market rent the units will garner with some sweat equity. Two suites feature private exterior access and can be considered premium ground floor apartments with proper upgrade. Shared coin operated laundry available on site for additional income. Lots of potential for income growth with further improvements to original condition units. Separate hydro meters. The close proximity to Paris' budding downtown core with restaurants and shopping offers a desirable area to consistently attract quality tenants. Looking for long term potential? A new high density residential development is occurring on neighbouring property to the south with additional low density subdivisions being constructed around Paris. Recent survey and planning report can be provided. Do not go direct to building.

Details

MLS#XH4204892
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1870
Days On Site37
Listing Provided ByRE/MAX Escarpment Realty Inc. | Alexandra Borondy

Features

SQ Feet680
BasementY
Story(s)2
Units10
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 4 minutes ago
ProvinceON
CountyBrant County
CityParis
Postal CodeN3L 2K8
Area2105 Paris
Subarea2107 Victoria Park
Community Name2107 Victoria Park
Listing VS Median (in 2107 Victoria Park)
Price:
$1,600,000
low | high
Med:
$699,900
100% of Average
SqFt:
680
low | high
Med:
1,638
90.882352941176% of Average
$ / SqFt:
$2,353
low | high
Med:
$427
100% of Average
On Site:
37
low | high
Med:
29.000000
100% of Average
Sourced by Back At You
Listing Updated: October 16, 2024 at 2:20:47 AM PDT