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$899,000
Parry Sound
30 Hanna Road, Parry Sound, Ontario, P2A1R2
This multi-family property in Parry Sound is for sale offering roughly 2,250 sq ft of space. It has been on the market 91 days, fresher than the Parry Sound average of 113 days.
A well-designed investment is about more than the numbers it's about owning a property that tenants appreciate and that works for you year after year. Built in 2014, this purpose-built triplex offers three self-contained units in a surprisingly private, wooded setting just minutes from downtown Parry Sound. Set back from the road on a generously sized lot, the property provides a quiet environment while remaining close to shopping, schools, and everyday amenities. Currently fully rented, the property generates $45,360 in gross annual rental income ($3780/month), with all three units separately metered and tenants paying their own utilities. The owners' responsibilities are limited to property taxes, insurance, and snow removal, making this an attractive opportunity for investors seeking predictable operating costs and dependable cash flow. Designed on one level, the building offers approximately 2,455 square feet and features three self-contained suites, each with its own kitchen, living area, bedroom(s), bathroom, and laundry. The advantages of modern construction and simplified maintenance. Whether you're looking to expand your investment portfolio or purchase your first multi-residential property, 30 Hanna Road offers a compelling combination of stable rental income, separate metering, modern construction, and a setting that stands apart from the typical in-town income property. It's an opportunity to invest in a well-maintained building that's already working for its next owner. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 91 days on market, against an average age of 113 days across the listings currently for sale in this city
This 5-bed multi-family in Parry Sound has been listed for 91 days, which is 22 days fresher than the city average of 113. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $899,000, about 12.2× the local median household income of $73,500.
Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 139% above the area median.
Source: Statistics Canada, 2021 Census (FSA P2A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.