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    For Sale - 10 Green Bay Road, French River, Ontario

    Est payment $3,597/mo
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    Time on Jump  1 days

    AI Summary *

    • Solid 6-unit residential building with established income and long-term tenants.
    • Each apartment has its own hydro meter and hot water tank for independence.
    • Additional income from a dedicated laundry room with coin-operated machines.
    • Spacious double lot provides ample parking and future expansion possibilities.
    • Numerous upgrades and renovations demonstrate pride of ownership throughout the property.




    For those looking to build long-term wealth and work toward financial freedom, this is an investment opportunity worth exploring. Located in french river on a year-round road, just 6 minutes from amenities, this solid 6-unit residential building offers an established income stream with 0% vacancy and a mature, long-term tenant base. The building consists of two 2-bedroom units on the lower level, two 3-bedroom units on the main level, and two 1-bedroom units on the second level. Each apartment operates independently, with its own hydro meter and hot water tank. The individual hydro meters also service each tenant's designated parking area, providing convenient access to electricity for winter vehicle plug-ins, vacuuming and more. Units are heated by electric baseboards, with tenants responsible for their own heat and hydro. A seventh hydro meter services the building's common areas, storage rooms, hardwired smoke detectors, central vacuum system and fire alarm pull box. Additional income is generated through the dedicated laundry room, equipped with two sets of coin-operated laundry machines. The property also includes a storage area currently used for tools and paint, along with a dedicated water room featuring a brand-new, top-of-the-line water treatment system and a sump pump with battery backup. All equipment is owned. The building is self-contained with its own drilled well and septic system and has benefited from numerous upgrades and renovations over the years. Pride of ownership is evident throughout, with units 1 and 3 most recently receiving complete renovations. Situated on a spacious double lot, the property provides ample parking at the front while the additional rear lot offers further space and possibilities for the future. Whether you are an experienced investor looking to expand your portfolio or exploring your first income-producing property, this offering provides an opportunity to own an established, fully occupied multi-residential asset.
    Listing IDX13850896
    Address10 Green Bay Road
    CityFrench River, Ontario
    Price$749,000
    Bed / Bath12 / 6 Full
    Style2-Storey, Multiplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherOwnership FreeholdBasement FullFoundation BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Septic

    Parking 20.00
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    Listing Brokerage: Narozanski North Realty Inc

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    10 Green Bay Road
    French River , Ontario
    12 6 $749,000
    Get more info