Real Estate Ltd., Brokerage

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817 Prince St Hearst, Ontario P0L 1N0

Baseboard Heaters, Boiler


Calling all experienced residential investors! This residential income property is a 15-unit apartment building that is bringing in an annual gross income of $133,669.20. The layout of this property consists of 4 3 bedroom units on the first, second, and third floor and of 3 units in the basement, 2 of which are 3 bedroom apartments and 1 unit is a bachelor. Each unit has its own individual 100amp electrical panel and hot water tank. The building offers a large parking area for tenants, each tenant has access to 2 reserved parking spots. Tenants also have access to an individual storage unit located in the basement (4 x 10), a laundry room also located in the basement (currently bringing in $4,500 of profit, this amount is included in the total annual gross income), and a storage locker for laundry supplies. The property is also equipped with security cameras and an alarm system. The tenants pay for their own heating (electric) and hydro costs. The building has seen many extensive renovations in the past few years, 9 of the 15 units have been completely redone following a fire in one of the apartments in 2022. The membrane roof, the roof insulation, and the soffit have all been completely redone in 2022. One unit has been repainted and has had new cabinets and flooring installed in 2022. Another unit has had the ceiling redone and was repainted in 2022. The 4 units which were not affected by the fire were all repainted from 2019 to 2022. The property has been appraised in June of 2023, the appraisal is available to potential buyers under certain conditions. A retrofit compliance letter and occupancy permit are also available. All tenants have renter’s insurance in place. This is a golden opportunity to expand your real estate portfolio! Unit #13: 302 | 3LVL | TEN | 735 | 3 | YES | YES | 1ST | YES | 735 Unit #14: 303 | 3LVL | TEN | 725 | 3 | YES | YES | 1ST | YES | 725 Unit #15: 304 | 3LVL | TEN | 671 | 3 | YES | YES | 1ST | YES | 735 (id:39666)

Property Details

MLS® Number TM231529
Property Type Multi-family
Community Name Hearst
Communication Type High Speed Internet


Age 50 Years
Amenities Laundry Facility
Appliances Alarm System
Basement Type Full
Heating Type Baseboard Heaters, Boiler
Stories Total 3
Size Interior 19440
Utility Water Municipal Water




Access Type Road Access
Acreage No
Sewer Municipal Sewage System
Size Frontage 132.0000
Size Irregular 0.5
Size Total 0.5 Ac|1/2 - 1 Acre
Size Total Text 0.5 Ac|1/2 - 1 Acre


Cable Available
Electricity Available
Natural Gas Available
Telephone Available


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