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1070 592 N Perry, Ontario P0A 1J0

16 Bedroom 10 Bathroom 5100 sqft

$2,150,000

""The Blue Jay"" presents a prime opportunity for investors seeking stable returns in a high-demand rental area. This well-maintained 10-unit building features six 850 sq ft 2-bedroom units, two 1-bedroom + den units, and two 1-bedroom units. Each unit is thoughtfully laid out to maximize space and functionality, appealing to a wide range of tenants. Located just a short walk from lake access and nestled against a serene forested backdrop, ""The Blue Jay"" offers a natural setting that attracts tenants looking for both tranquility and proximity to outdoor activities. The property currently generates $156,000 in annual rental income with low annual operating expenses, providing immediate cash flow for prospective buyers. The new building constructed in 2019 is not subject to rent control. With solid rental income and a desirable location, ""The Blue Jay"" is an investment opportunity you don’t want to miss. Come and explore the potential this property offers for your portfolio! (id:53086)

Property Details

MLS® Number X10440139
Property Type Business
Parking Space Total 20

Building

Bathroom Total 10
Bedrooms Total 16
Amenities Separate Heating Controls
Exterior Finish Vinyl Siding
Foundation Type Block
Size Interior 5100 Sqft

Land

Acreage No
Sewer Septic System
Size Frontage 205 Ft ,3 In
Size Irregular Unit=205.03
Size Total Text Unit=205.03|1/2 - 1.99 Acres
Zoning Description R3

https://www.realtor.ca/real-estate/27562570/1070-592-n-perry