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Kearney,ON P0A 1M0
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Kearney
MLS Listing ID X12198376
Style Bungalow
Bedrooms 9
Annual Tax Amount $7,365
Tax Year 2024
Property Sub-Type Multiplex
Property Description
9 unit one floor apartment complex made up of from two separate buildings. 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 propane furnace, and one rental propane tank. Tenants pay for propane, propane tank rental, and hydro. Total rental income for the properties last fiscal year ending January 31, 2025, was an estimated $94,817.50, and for the same total expenses for the same period $26,036 (includes management fee of $5,085 paid to one of the owners). These result in a net income of $68,780. Detached garage 24.3 x x 41.9. Total lot area is 1.9 acres.
Location
Province ON
County Parry Sound
Community Kearney
Area Parry Sound
Rooms
Family Room No
Kitchen 9
Interior
Cooling None
Exterior
Pool None
Roof Type Asphalt Shingle
Building
Foundation Insulated Concrete Form