See all 38 photos
38 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$499,000
Est. payment /mo
10 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000 - 3500
Subdivision 544 - Horton Twp
MLS® Listing ID X14094346
Bedrooms 10
Property Description
OPPORTUNITY KNOCKS!! LEGAL 4PLEX - INVESTMENT PROPERTY on STUNNING 2.1 ACRE WATERFRONT PROPERTY with BEACH on the shores of the Ottawa River, just outside Renfrew. Exceptional property for potential future redevelopment or continued long term use for investment with a LUCRATIVE 9% CAP RATE. The current building is a Legal FOUR-PLEX (+ 2 non-conforming units). Loads of opportunity for the right Buyer... RENTS (all inclusive) aprx. $78,955.92 per annum. Units 1,2,3,4,6 tenant occupied, unit 6 FULLY RENOVATED and move in ready. 2 car garage currently vacant - landlord use only. 2 NEW PROPANE FURNACES and 1 NEW AC (2025). Please do not visit the property without a booked showing appointment. (id:24570)
Location
State ON
Lake Name Ottawa River
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N Yes
View Direct Water View
Attached Garage Yes
Total Parking Spaces 12
Garage Yes
Private Pool No
Building
Story 2
Sewer Septic System
Water Ottawa River
Others
Virtual Tour https://youriguide.com/4494_river_rd_renfrew_on/
Read Less Info
Listed by PAUL RUSHFORTH REAL ESTATE INC.