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488 MAIN Street, Powassan, Ontario, P0H 1Z0

MLS® # 40590170
Investment For Sale In Powassan, Ontario
$899,900
488 Main Street, Powassan, ON - Outdoor With Facade
488 Main Street, Powassan, ON - Outdoor With Facade
488 Main Street, Powassan, ON - Outdoor With Facade
488 Main Street, Powassan, ON - Outdoor
488 Main Street, Powassan, ON - Outdoor
488 Main Street, Powassan, ON - Outdoor With Exterior
488 Main Street, Powassan, ON -
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Kitchen With Double Sink
Apt#1 - 488 Main Street, Powassan, ON - Indoor
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Apt#1 - 488 Main Street, Powassan, ON - Indoor
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Kitchen
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Kitchen
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Apt#3 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#3 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#3 - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Apt#3 - 488 Main Street, Powassan, ON - Indoor Photo Showing Kitchen
Apt#3 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#4 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#4 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#4 - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Apt#4 - 488 Main Street, Powassan, ON - Indoor
Apt#6 - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Apt#6 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#6 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#6 - 488 Main Street, Powassan, ON - Indoor
Apt#6 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Common coin laundry - 488 Main Street, Powassan, ON - Indoor Photo Showing Laundry Room
Basement common washroom - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Covered Storage area - 488 Main Street, Powassan, ON - Outdoor With Exterior
Safety Sprinkler System - 488 Main Street, Powassan, ON -
Clean, cool and comfortable common laundry room. - 488 Main Street, Powassan, ON - Indoor
Clean and bright common stairs - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Spotless basement - 488 Main Street, Powassan, ON - Indoor Photo Showing Basement
Emergency Exit Stairs - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
488 Main Street, Powassan, ON - Indoor Photo Showing Basement
488 Main Street, Powassan, ON - Indoor Photo Showing Basement
488 Main Street, Powassan, ON - Outdoor
488 Main Street, Powassan, ON - Outdoor
488 Main Street, Powassan, ON - Outdoor With View
488 Main Street, Powassan, ON - Outdoor With Facade
488 Main Street, Powassan, ON - Outdoor With Facade
488 Main Street, Powassan, ON - Outdoor With Facade
488 Main Street, Powassan, ON - Outdoor
488 Main Street, Powassan, ON - Outdoor
488 Main Street, Powassan, ON - Outdoor With Exterior
488 Main Street, Powassan, ON -
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Kitchen With Double Sink
Apt#1 - 488 Main Street, Powassan, ON - Indoor
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Apt#1 - 488 Main Street, Powassan, ON - Indoor
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#1 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Kitchen
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Kitchen
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#2 - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Apt#3 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#3 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#3 - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Apt#3 - 488 Main Street, Powassan, ON - Indoor Photo Showing Kitchen
Apt#3 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#4 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#4 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#4 - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Apt#4 - 488 Main Street, Powassan, ON - Indoor
Apt#6 - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Apt#6 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#6 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Apt#6 - 488 Main Street, Powassan, ON - Indoor
Apt#6 - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Common coin laundry - 488 Main Street, Powassan, ON - Indoor Photo Showing Laundry Room
Basement common washroom - 488 Main Street, Powassan, ON - Indoor Photo Showing Bathroom
Covered Storage area - 488 Main Street, Powassan, ON - Outdoor With Exterior
Safety Sprinkler System - 488 Main Street, Powassan, ON -
Clean, cool and comfortable common laundry room. - 488 Main Street, Powassan, ON - Indoor
Clean and bright common stairs - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
Spotless basement - 488 Main Street, Powassan, ON - Indoor Photo Showing Basement
Emergency Exit Stairs - 488 Main Street, Powassan, ON - Indoor Photo Showing Other Room
488 Main Street, Powassan, ON - Indoor Photo Showing Basement
488 Main Street, Powassan, ON - Indoor Photo Showing Basement
488 Main Street, Powassan, ON - Outdoor
488 Main Street, Powassan, ON - Outdoor
488 Main Street, Powassan, ON - Outdoor With View
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Home Insurance - TD Insurance
Get a home insurance quote online for this $899,900 property in Powassan
Provided by TD Insurance

Home Insurance - TD Insurance

Get a home insurance quote online for this $899,900 property in Powassan

Provided by TD Insurance
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ACTIVE
488 MAIN Street, Powassan, Ontario, P0H 1Z0
$899,900

Property Information:

Opportunity knocking! Nestled in the heart of quaint and friendly Powassan, this spotless and impeccably maintained, 6-unit multi-residential plus commercial income property is a testament to a smart real estate investment. Boasting a harmonious blend of residential and commercial space, offers a dynamic opportunity with a robust return on investment. Despite the passage of time, this building remains a cherished landmark in the neighbourhood, its beauty and charm enduring for generations to come. Each of the six residential units has been meticulously updated ensuring tenant satisfaction and maximizing rental income. Every detail has been thoughtfully curated to enhance both functionality and aesthetics. The main level commercial space is currently vacant. 400 sf of space is perfectly suited for various uses to provide for an additional income potential and flexibility. Whether utilized as a storefront, office space, or boutique, its prime location ensures high visibility and foot traffic, further augmenting its value. With plentiful parking spaces and dedicated storage areas under a covered car port area, tenants can enjoy the utmost convenience. This turnkey property offers easy access to highway ON 11 for both residents and commuters alike. With nothing left to be done, investors can enjoy immediate cash flow and peace of mind, knowing that the property has been maintained and updated to the highest standards. In summary, this 6-unit multi-residential plus commercial income property offers a rare combination of modern convenience, income potential, and investment stability. It stands as a beacon of opportunity in the competitive real estate market located 3.3 hours from Toronto and only a 20 min drive to North Bay. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Central Vacuum

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 7
  • Bathrooms: 7
  • Access Type: Highway access
  • Amenities Nearby: Shopping
  • Built in: 1940
  • Community Features: High Traffic Area
  • Features: Visual exposure, Paved driveway, Laundry- Coin operated, Sump Pump
  • Lot Depth: 132.0 Feet
  • Lot Frontage: 66.0 Feet
  • Structure Type: Porch
  • Zoning: CV1
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 10

Courtesy of: REALTY EXECUTIVES Local Group Inc. Brokerage

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 488 MAIN Street, Powassan, Ontario, P0H 1Z0

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

32 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: High

32 hot days expected in 2050

46/100

High

ClimateCheck®

Current data

This property, 488 MAIN Street , experiences 7 hot days per year at around 29.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 33 degrees Celsius.

Projected Avg. Temperature

Past
29.5℃
2050
33℃

# Hot Days Per Year

Past
7
2050
32

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk:

14 storms expected in 2050

66/100

ClimateCheck®

Current data

This property, 488 MAIN Street , experiences 11 significant 2-day storms per year, with about 323.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 411.4mm of precipitation per year.

Precipitation Per Storm

Past
323.6mm
2050
411.4mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 488 MAIN Street, Powassan, Ontario, P0H 1Z0

Life Stage

Midlife Families

Employment Type

Mixed

Average Household Income

$101,040.44

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.26 %

High school certificate or equivalent

30.99 %

Apprenticeship trade certificate/diploma

12.05 %

College/non-university certificate

32.21 %

University certificate (below bachelor)

1.87 %

University Degree

7.62 %

Commuter

Travel To Work

By Car

82.59 %

By Public Transit

0.0 %

By Walking

8.92 %

By Bicycle

0.0 %

By Other Methods

8.49 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

7.91 %

Houses

92.09 %

Own Vs. Rent

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