55 Willow Street , Paris, ON N3L 2K8
Paris, ON N3L 2K8
Description
Charming 10-Unit Apartment Building built in 1870 offering spacious 1 bedroom apartments with storage lockers and parking for 10+ vehicles. Nestled in one of Paris’ most vibrant neighborhoods, this exceptional building offers a terrific investment opportunity for savvy investors looking to expand your portfolio in a growing city. Original architectural details including high ceilings and stately trimwork is blended with modern updates to demonstrate the elevated market rent the units will garner with some sweat equity. Two suites feature private exterior access and can be considered premium ground floor apartments with proper upgrade. Shared coin operated laundry available on site for additional income. Lots of potential for income growth with further improvements to original condition units. Separate hydro meters. The close proximity to Paris' budding downtown core with restaurants and shopping offers a desirable area to consistently attract quality tenants. Looking for long term potential? A new high density residential development is occurring on neighbouring property to the south with additional low density subdivisions being constructed around Paris. Recent survey and planning report can be provided. Do not go direct to building.
Details
| MLS# | H4204892 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1870 |
| Days On Site | 37 |
| Listing Provided By | Re/Max Escarpment Realty Inc. | Alexandra Borondy |
Features
| SQ Feet | 680 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 10 |
| Acreage | 0.38 |
| Water Front | Yes |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Brant County |
| City | Paris |
| Postal Code | N3L 2K8 |
| Area | 2107 Victoria Park |
| Community Name | 2107 Victoria Park |
| Listing VS Median (in 2107 Victoria Park) | |
Price: $1,600,000 low | high Med: $701,894 SqFt: 680 low | high Med: 1,618 $ / SqFt: $2,353 low | high Med: $435 On Site: 37 low | high Med: 63.000000 | |