See all 48 photos
48 photos
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
$599,000
Est. payment /mo
6 Baths
3,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $181
Subdivision Powassan
MLS Listing ID X12236544
Annual Tax Amount $4,338
Tax Year 2024
Property Sub-Type Investment
Lot Depth 292.0
Lot Front 187.29
Property Description
Investment Opportunity in the Heart of Powassan! Welcome to 9 Fairview Lane an updated, income-producing gem with historic charm and modern potential. This stately 6-bedroom, 6-bathroom home is currently tenanted and generating a solid 6% cap rate. Each spacious bedroom features its own ensuite bath, making it an ideal setup for continued rental income or a seamless transition into a licensed Bed & Breakfast, thanks to RU-10 zoning. Over the past 5 years, major upgrades have been completed: new natural gas furnace, full electrical rewire, all new plumbing, windows, and septic system. The roof was replaced just 2 years ago, leaving peace of mind for years to come. With over 3,200 sq. ft. above grade and a third-floor finished loft space, there's room to grow or reimagine the layout. Situated on a generous 1.2-acre lot, this is a rare chance to own a turnkey asset with character, cash flow, and flexibility.
Location
Province ON
County Parry Sound
Community Powassan
Area Parry Sound
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 187.29
Lot Depth 292.0
Read Less Info
Listed by Century 21 Blue Sky Region Realty Inc., Brokerage