9 Fair View LN Active Save Request In-Person Tour Request Virtual Tour
Powassan,ON P0H 1Z0
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision Powassan
MLS Listing ID X12236549
Style 2 1/2 Storey
Bedrooms 6
Building Age 100+
Annual Tax Amount $4,338
Tax Year 2025
Property Sub-Type Multiplex
Appx SqFt 3000-3500
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
Kitchen 1
Interior
Cooling None
Inclusions All furnishings
Exterior
Pool None
Roof Type Fibreglass Shingle
Building
Foundation Stone