$699,000
Available - For Sale
Listing ID: X12236544
9 Fair View Lane , Powassan, P0H 1Z0, Parry Sound
| 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. |
| Price | $699,000 |
| Taxes: | $4338.79 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 9 Fair View Lane , Powassan, P0H 1Z0, Parry Sound |
| Postal Code: | P0H 1Z0 |
| Province/State: | Parry Sound |
| Legal Description: | PT LT 8 RCP 323 AS IN RO154982; T/W RO15 |
| Directions/Cross Streets: | Hwy 534 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Accommodation |
| Building Percentage: | T |
| Total Area: | 3300.00 |
| Total Area Code: | Square Feet |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 6 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| Century 21 Blue Sky Region Realty Inc., Brokerage |
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NASSER NADA
Broker
Dir:
416-859-5645
Bus:
905-507-4776
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Parry Sound |
| Municipality: | Powassan |
| Neighbourhood: | Powassan |
| Tax: | $4,338.79 |
| Baths: | 6 |
| Fireplace: | N |
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