150 MAIN STREET, Kearney, Ontario
$999,900
- 9 Beds
- 9 Baths
Local originators are retiring and are ready to hand off to a new visionary. Pride of ownership is evident in this 9-unit one floor apartment complex made up of from two separate buildings. Current owners have sought a more senior clientele, and always a waiting list of eager applicants for the ever so rare turnover. 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 and hydro. Owner pays propane tank rental. 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 Directors). The resulting net income of $68,780. Detached garage 24.3 x 41.9. Total lot area is 1.9 acres. Call your Realtor to request rent roll, income and expense report, and other informative documents. (id:23309)
- Listing ID: X12198376
- Property Type: Multi-family
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Listing provided by RE/MAX Parry Sound Muskoka Realty Ltd
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 150 MAIN STREET in Kearney Ontario. It was last modified on June 20th, 2025. Contact Kim Christopher to schedule a viewing or to discover other Kearney real estate for sale.