55 Willow Street Paris, Ontario N3L 2K8
$1,600,000
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. (id:59646)
Business
| Business Type | Residential |
Property Details
| MLS® Number | XH4204892 |
| Property Type | Multi-family |
| Equipment Type | None |
| Features | Paved Driveway, No Driveway, Shared Driveway, Laundry- Coin Operated |
| Parking Space Total | 12 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 10 |
| Bedrooms Total | 10 |
| Architectural Style | 2 Level |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1870 |
| Construction Style Attachment | Detached |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 680 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 125 Ft |
| Size Frontage | 132 Ft |
https://www.realtor.ca/real-estate/27426784/55-willow-street-paris
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September 17 2024 09:29:54
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.
