10 Green Bay Road, French River

$749,000
10 Green Bay Road

$749,000

New
22d
Multiplex2-Storey

10 Green Bay Road, French River

Total Monthly Obligation $3,782

Beds
12
Baths
6
Park
20
Sqft
3500-5000
DOM
22d
Property Type-Multiplex
MLS® Number-X13850896
Beds-12
Bathrooms-6
Size-3500-5000 sqft
Lot Size-208.75 × 328 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Multiplex
Taxes-$4,627 (2025)
Parking-20 - None
Basement-Full
Heating-Baseboard (Electric)
Brokerage-Narozanski North Realty Inc
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Septic
Possession-Flexible
Title-Residential Freehold

No agent assigned

For those looking to build long-term wealth and work toward financial freedom, this is an investment opportunity worth exploring.Located in French River on a year-round road, just 6 minutes from amenities, this solid 6-unit residential building offers an established income stream with 0% vacancy and a mature, long-term tenant base.The building consists of two 2-bedroom units on the lower level, two 3-bedroom units on the main level, and two 1-bedroom units on the second level.Each apartment operates independently, with its own hydro meter and hot water tank. The individual hydro meters also service each tenant's designated parking area, providing convenient access to electricity for winter vehicle plug-ins, vacuuming and more. Units are heated by electric baseboards, with tenants responsible for their own heat and hydro.A seventh hydro meter services the building's common areas, storage rooms, hardwired smoke detectors, central vacuum system and fire alarm pull box.Additional income is generated through the dedicated laundry room, equipped with two sets of coin-operated laundry machines.The property also includes a storage area currently used for tools and paint, along with a dedicated water room featuring a brand-new, top-of-the-line water treatment system and a sump pump with battery backup. All equipment is owned. The building is self-contained with its own drilled well and septic system and has benefited from numerous upgrades and renovations over the years. Pride of ownership is evident throughout, with Units 1 and 3 most recently receiving complete renovations. Situated on a spacious double lot, the property provides ample parking at the front while the additional rear lot offers further space and possibilities for the future. Whether you are an experienced investor looking to expand your portfolio or exploring your first income-producing property, this offering provides an opportunity to own an established, fully occupied multi-residential asset.

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Closing Costs

Mortgage Amount
$599,200
Land Transfer Taxes$11,455
Legal Fees (Est.)
$
Total cash required for closing$162,755

Total Monthly Obligation

$3,782/mo
Mortgage $3,021
Monthly Loss $2,987
Principal$795
Interest$2,226
Property Tax$386
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 10 Green Bay Road

Time

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