REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,049,900
Est. payment /mo
Active
150 MAIN STREET Kearney, ON P0A1M0
9 Beds
9 Baths
5,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $209
Subdivision Kearney
MLS® Listing ID X12198376
Style Bungalow
Bedrooms 9
Source OnePoint Association of REALTORS®
Property Description
Conditionally Sold with NO Escape clause until February 6, 2026. 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. Garage does not have hydro. the panel in the garage was at one time hooked up to a generator. Total lot area is 1.9 acres. Projected rental income for the month January 1, 2026, is $8,450.70. All offers are to be submitted on a Commercial Agreement of Purchase and Sale #500. Purchase price is plus HST. Call your Realtor to request rent roll, income and expense report, and other informative documents. (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Main level 1.55 m X 1.52 m Foyer
Extra Room 2 Main level 1.55 m X 2.7 m Bathroom
Extra Room 3 Main level 1.55 m X 2.7 m Bathroom
Extra Room 4 Main level 1.55 m X 2.7 m Bathroom
Extra Room 5 Main level 1.55 m X 2.7 m Bathroom
Extra Room 6 Main level 1.55 m X 2.7 m Bathroom
Interior
Heating Forced air
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 9
Private Pool No
Building
Story 1
Sewer Septic System
Architectural Style Bungalow
Listed by RE/MAX Parry Sound Muskoka Realty Ltd