Oliver Reprich Muskoka REALTOR

22 Marie Street, South River

Property Overview - For sale

Price$ 475 000On the Market131 days
MLS® #40047413Type
BedroomsBathrooms
Postal CodeP0A1X0CitySouth River
Property Sizeunder 1/2 acreBuilding Size6800 m2 (73195 ft2)
StreetMarieTown/AreaSouth River

Great investment opportunity in the heart of South River with great corner lot exposure from Highway 124. Operate your own business and have living quarters or have 6 rental incomes. 2 commercial units on the main floor, one 2-bedroom on main floor and three 2-bedroom apartments on the 2nd floor. Apartments rent for $500-$600/month plus tenants pay heat/hydro. Tenants are all in good-standing and would all like to stay. Some have been there 30+ and 10+ years. 2019 numbers were over $54,000 in rental income and netting approximately $40,000 after expenses. As of November 2020, the 2 commercial units on the main floor were combined to form the Guardian Pharmacy which has moved out but was generating $27,600 income. 1800 sq. ft. space in the former library downstairs - could be converted to apartments or rent as retail space. Men/women washrooms adjacent to former library. All units have separate hydro meters. Owner pays water, heat/hydro for common areas and library area. Don't miss your chance to own this multi-unit commercial property with great income! (id:20829)

Land Details
Size Totalunder 1/2 acre
Size Frontage139
SewerSeptic System
Size Depth132 ft
Ownership TypeFreehold
Zoning DescriptionCommercial/Residential



This listing of a Other property For sale is courtesy of Dylan Jarvis from Keller Williams Experience Realty Brokerage

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