$515,000
$599,000
14.0%For more information regarding the value of a property, please contact us for a free consultation.
9 Fair View LN Powassan, ON P0H 1Z0
6 Beds
6 Baths
0.5 Acres Lot
Key Details
Sold Price $515,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Powassan
MLS Listing ID X12236549
Sold Date 10/03/25
Style 2 1/2 Storey
Bedrooms 6
Annual Tax Amount $4,338
Tax Year 2025
Lot Size 0.500 Acres
Property Sub-Type Multiplex
Property Description
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.
Location
Province ON
County Parry Sound
Community Powassan
Area Parry Sound
Zoning RU-10
Rooms
Family Room Yes
Basement Unfinished
Kitchen 1
Interior
Interior Features Carpet Free, In-Law Capability, Water Heater Owned
Cooling None
Exterior
Pool None
Roof Type Fibreglass Shingle
Lot Frontage 187.29
Lot Depth 292.0
Total Parking Spaces 10
Building
Building Age 100+
Foundation Stone
Others
Senior Community No
Security Features Carbon Monoxide Detectors,Smoke Detector
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