$175,000
Kapuskasing
#Fauquier 27 Grzela Road, Kapuskasing (Fauquier), Ontario, P0L1G0
This multi-family property in Kapuskasing is for sale offering roughly 2,520 sq ft of space. It has been on the market 29 days, fresher than the Kapuskasing average of 89 days.
What an incredible opportunity to own a versatile property packed with potential in the heart of the community! This building offers a total of 2,520 sq. ft., 1,260 sq. ft. per floor (30x42), and sits on a generous 150 x 200 lot. Whether you're looking for a mixed-use investment, a commercial venture, or a multi-residential conversion, this property is ready to deliver. The second level features a spacious, fully renovated apartment (2017-2018) with soaring ceilings, two large bedrooms, a dedicated laundry room, and a modern layout that feels both open and bright. It's currently occupied by a tenant, providing immediate rental income. Access to the apartment is made easy with a stunning deck, built in 2017, that also serves as an additional exterior entrance. The main level, once used as a medical centre, includes three offices, a conference room, a kitchen, and 1.5 bathrooms plus three separate exterior access points, including a ramp for added accessibility. This space could continue as a commercial hub or be converted into residential units, depending on your vision. The basement is home to a sewing room used by municipal residents, along with utility and storage areas. Additional value is found in the detached 14x22 garage for extra storage. Please note: the blue shed belongs to the upstairs tenant and is not included. This property offers plenty of outdoor space with room for future development or expansion. The roof was replaced in 2017, and the building is heated with a boiler system and equipped with a 200-amp electrical breaker panel. The municipality is open to rezoning based on your proposed project, whether it's a full residential conversion or a blend of commercial and residential use. Don't miss out on this investment with endless possibilities! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 29 days on market, against an average age of 89 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 61 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This multi-family in Kapuskasing (Fauquier) has been listed for 29 days, which is 60 days fresher than the city average of 89. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $175,000, about 2.3× the local median household income of $77,500.
Carrying it typically needs a household income of about $34,184 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P0L)
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