Local originators are retiring and are ready to hand off to a new visionary. Pride of ownership is evident in this 9-unit one floor apartment complex made up of from two separate buildings. Current owners have sought a more senior clientele, and always a waiting list of eager applicants for the ever so rare turnover. Each self-contained one-bedroom unit contains a separate entrance, foyer, three-piece bath, kitchen, dining area, living room, owned 20-gallon electric hot water tank, forced air propane furnace, and one rental propane tank. Tenants pay for propane and hydro. Owner pays propane tank rental. Total rental income for the properties last fiscal year ending January 31, 2025, was an estimated $94,817.50, and for the same total expenses for the same period $26,036 (includes management fee of $5,085 paid to one of the Directors). The resulting net income of $68,780. Detached garage 24.3 x 41.9. Total lot area is 1.9 acres. Call your Realtor to request rent roll, income and expense report, and other informative documents.
Pending
C$999,900
150 Main St, Kearney, ON P0A 1M0
9beds
9baths
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Separate entranceThree-piece bathDining areaForced air propane furnaceDetached garage
- 59 days
- on Zillow |
- 8 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 30, 2025 at 07:01am
Listed by:
RE/MAX Parry Sound Muskoka Realty Ltd
Source: TRREB,MLS®#: X12198376
Originating MLS®#: One Point Association of REALTORS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 9
Dining room
- Level: Main
- Dimensions: 2.37 x 2.34
Heating
- Forced Air, Propane
Cooling
- None
Features
- Primary Bedroom - Main Floor, Separate Hydro Meter
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Living area range: 5000 + null
Property
Parking
- Total spaces: 9
Features
- Pool features: None
Lot
- Size: 1.9 Square Feet
- Features: Irregular Lot
Details
- Additional structures: Drive Shed
- Parcel number: 521600224
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Insulated Concrete Form
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Septic
Community & HOA
Location
- Region: Kearney
Financial & listing details
- Annual tax amount: C$7,365
- Date on market: 6/5/2025
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