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$799,000
Kenora
209 Second Street, Kenora (Downtown), Ontario, P9N1G1
This multi-family property in Kenora is for sale.
Opportunity is Knocking! – This is one of Kenora's iconic landmarks set in a prime downtown location just steps from the crossroads of Main St and Second St. The building has seen extensive upgrades over the years and presents a strong investment opportunity with solid commercial tenant already established on the main floor. The property features three commercial spaces on the main floor and three spacious apartments on the upper level (2 two-bedroom units and 1 one-bedroom unit). The right-side main floor commercial unit is currently vacant and ready for a new tenant, providing immediate leasing potential, while the remaining units on both levels are currently leased and/or rented.Highlights include numerous upgrades over the years including improvements to the heating system, roof, new rear access, and renovations to two of the apartments, along with many other updates throughout.A great investment opportunity in the heart of Kenora with strong rental potential and excellent long-term value. Call today to schedule a viewing. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 489 days on market, against an average age of 367 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 102.2 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This multi-family in Kenora (Downtown) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $799,000, about 9.6× the local median household income of $83,000.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 88% above the area median.
Source: Statistics Canada, 2021 Census (FSA P9N)
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Loading rates, 30-yr amortization
Cash Needed to Close
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