19 days on Market

55 Willow St, Paris, Ontario N3L 2K8

Townhouse
-
10
~688 sqft
$1,499,900
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Townhouse
-
10
~688 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$2,180/sqft

Est. Mortgage$6,441/mo

Tax Amount (2024)$11,736/yr

Days On Market19 days


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.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~688 SqFt
Lot Size16,500 SqFt(125 x 132)
Parking Spaces12
MLS ®Number40683078
Community NameParis
Data SourceITSO
Listing byRE/MAX Escarpment Realty Inc.

Features

Heating: Forced Air, Natural Gas
Basement: Full, Unfinished

Features

Lot size: 16,500 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 12


Property listed by RE/MAX Escarpment Realty Inc., Brokerage
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Population and Demographics

Overview

Total population 9711
Average household income $125,580

Age (%)

0 to 19
22%
50 to 64
21%
65 and plus
21%
35 to 49
19%
20 to 34
17%

Household composition (%)

Single family
72%
Single person
25%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
95%
Others
4%

House tenancy (%)

Owners
83%
Renters
17%

Schools and amenities

Estimated Budget