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34-36 Dumfries Street Paris, Ontario N3L 2C8

6 Bedroom
Central Air Conditioning Forced Air

$990,000

The Owner currently uses the main floor for her clinic. it is approx 1800 sq feet on the main floor with a 2 pc bath and 2 offices. Boulevard parking in front. This space can easily be converted to 2 main floor premium one bedroom apts renting at $1600 each including utilities. Upstairs on the second and third floor is a 2300 sq ft , 5 bedroom 2 bath home housing the Sellers. Granite counters and premium bathrooms. Exceptional condition. The buyer could live in the house and enjoy the rental income($1600 x 2 $3200). This would cover about $775000 in mortgage. If the upstairs was rented out the rent would be $3000 including utilities. Oversize double garage in the back and additional parking. This is a unique Paris building dated 1850 and 4133 sq. ft. It is a short walk to the well preserved downtown of stores, bars, riverside restaurants and library. Cash flow: Rents $1600 + $1600 + $3000 = $6200 ($74400 yearly) Expenses: Taxes $4857 Gas $1318 ( actual 2020) Hydro/ water $4000 (est) Insurance $3500 (est) TOTAL $13675 Net $60725 6.!% cap rate. (id:29966)

Property Details

MLS® Number 40047093
Property Type Multi-family
Equipment Type Water Heater
Features Crushed Stone Driveway
Parking Space Total 4
Rental Equipment Type Water Heater

Building

Bedrooms Total 6
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1850
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Type Triplex
Utility Water Municipal Water

Parking

Detached Garage
Gravel

Land

Acreage No
Sewer Municipal Sewage System
Size Frontage 42 Ft
Size Total Text Under 1/2 Acre
Zoning Description Ha Rm1

https://www.realtor.ca/real-estate/22760993/34-36-dumfries-street-paris

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