47
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$699,000
Est. payment /mo
6 Beds
6 Baths
Active
9 Fair View LN Powassan, ON P0H 1Z0
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Powassan
MLS Listing ID X12236549
Style 2 1/2 Storey
Bedrooms 6
Building Age 100+
Annual Tax Amount $4,338
Tax Year 2025
Property Sub-Type Multiplex
Property Description
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.
Location
Province ON
County Parry Sound
Community Powassan
Area Parry Sound
Zoning RU-10
Rooms
Family Room Yes
Basement Unfinished
Kitchen 1
Interior
Interior Features Carpet Free, In-Law Capability, Water Heater Owned
Cooling None
Inclusions All furnishings
Exterior
Pool None
Roof Type Fibreglass Shingle
Lot Frontage 187.29
Lot Depth 292.0
Total Parking Spaces 10
Building
Foundation Stone
Others
Senior Community No
Security Features Carbon Monoxide Detectors,Smoke Detector
Listed by Century 21 Blue Sky Region Realty Inc., Brokerage
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