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:4069)
Address
55 WILLOW Street
List Price
$1,499,900
Property Type
Multi-family
Area
Ontario
Sub-Area
Paris
Bedrooms
10
Bathrooms
10
Floor Area
688 Sq. Ft.
MLS® Number
40683078
Listing Brokerage
RE/MAX Escarpment Realty Inc.
Basement Area
Full (Unfinished)
Postal Code
N3L2K8
Zoning
Residential
Site Influences
Shopping
Features
Paved driveway, Shared Driveway, Laundry- Coin operated
