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$599,000
Available - For Sale
Listing ID: X12236544
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.
Price $599,000
Taxes: $4,338.79
Tax Type: Annual
Occupancy by: Tenant
Address: 9 Fair View Lane , Powassan, P0H 1Z0, Parry Sound
Postal Code: P0H 1Z0
Province/State: Parry Sound
Legal Description: PT LT 8 RCP 323 AS IN RO154982; T/W RO15
Directions/Cross Streets: Hwy 534
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
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Washroom 6:  0
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Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
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Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  0
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
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Washroom 32:  0
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Washroom 36:  0
Washroom 37:  0
Washroom 38:  0
Washroom 39:  0
Washroom 40:  0
Category: Accommodation
Building Percentage: T
Total Area: 3,300
Total Area Code:  Square Feet
Maintenance: 0
Expenses Actual/Estimated: $Act
Heat Type: Gas Forced Air Open
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Century 21 Blue Sky Region Realty Inc., Brokerage

9 Fair View Lane , Powassan, P0H 1Z0, Parry Sound


 
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At a Glance:
Type: Com - Investment
Area: Parry Sound
Municipality: Powassan
Neighbourhood: Powassan
Style:
Lot Size: x 292.00(Feet)
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Tax: $4,338.79
Maintenance Fee: $0
Beds: 0
Baths: 6
Garage: 0
Fireplace: N
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