
55 Willow St
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55 Willow St
10 Unit Apartment Building $1,600,000 CAD ($160,000 CAD/Unit) 5.60% Cap Rate Paris, ON N3L 2K8



EXECUTIVE SUMMARY
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 FACTS
Price | $1,600,000 CAD | Apartment Style | Low Rise |
Price Per Unit | $160,000 CAD | Building Class | C |
Sale Type | Investment | Building Size | 5,000 SF |
Cap Rate | 5.60% | Average Occupancy | 90% |
No. Units | 10 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1870 |
Property Subtype | Apartment |
Price | $1,600,000 CAD |
Price Per Unit | $160,000 CAD |
Sale Type | Investment |
Cap Rate | 5.60% |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Building Size | 5,000 SF |
Average Occupancy | 90% |
No. Stories | 2 |
Year Built | 1870 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Storage Space
- Smoke Detector
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 10 | - | 680 |
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55 Willow St
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