295 297 North River Road, North River
295 297 North River Road, North River
×
15 Photos
- Living area: 8360 square feet
- MLS®: 1266287
- Type: Multifamily
- Added: 136 days ago
Property Details
5.68 acre property has two newer 5 plex units (10 doors total; one set is 12 years old and one set is 5 years) New rents will be $950/mo POU. There is also municipal approval in principle for a single building lot on the road PLUS two more 5 plex units for a potential total of 20 rentals plus an owner-occupied (or perhaps another rental) house along the road. Two very unique features of this property are: 1) It backs onto North River which is a scheduled salmon river (Zone 7, Class 2), and 2) The current owners have been approved for a $600,000 forgivable loan to assist with the construction of the next 10 units which is transferrable to qualified buyers. Some conditions apply but this program is not expected to make such funding available again for several years, or longer (it has been 10 years since the last round of this financing). A great Cash-rich opportunity for further development. We have the Survey, RPR, and the keys. Viewings on pre-arranged appointment. (id:1945)
Best Mortgage Rates
Property Information
- Sewer: Septic tank
- Heating: Baseboard heaters, Electric
- Tax Year: 2023
- Flooring: Laminate, Other
- Year Built: 2011
- Appliances: Refrigerator, Stove
- Living Area: 8360
- Photos Count: 15
- Structure Type: Multi-Family
- Common Interest: Freehold
- Tax Annual Amount: 4718
- Exterior Features: Vinyl siding
- Foundation Details: Concrete Slab
- Lot Size Dimensions: 5.68
- Zoning Description: Mixed
- Architectural Style: Bungalow
This listing content provided by REALTOR.ca has
been licensed by REALTOR® members of The Canadian Real Estate Association |
---|
Nearby Places
Similar Multifamilys Stat in North River
295 297 North River Road mortgage payment