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145 SYPLES Street
Burk's Falls Parry Sound P0A 1C0

$2,690,000 /For Sale
Commercial

Main Photo: 145 SYPLES Street in Parry Sound: Burk's Falls Commercial for sale : MLS®# X12260374
Photo 1: 145 SYPLES Street in Parry Sound: Burk's Falls Commercial for sale : MLS®# X12260374
Photo 2: 145 SYPLES Street in Parry Sound: Burk's Falls Commercial for sale : MLS®# X12260374
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12260374
Bus Major:
Apts - 2 To 5 Units
Located on the serene shores of the Magnetawan River in the village of Burks Falls, this fully renovated luxury waterfront property offers over 5,888 sq.ft. of refined living space across five high-end units. Renovated from top to bottom within the past three years, the building has been thoughtfully upgraded with modern electrical and plumbing systems, new windows and doors, premium flooring, custom kitchens, stylish bathrooms, and contemporary lightingcreating a truly turn-key investment with no detail overlooked. With a total of 11 bedroomsthree units on the main floor (570 sq.ft., 707 sq.ft., 980 sq.ft.) and two spacious suites upstairs (1,580 sq.ft. and 898 sq.ft.)the layout is ideal for multi-family use, boutique rentals, or long-term income generation. Featuring west-facing river views and just steps from downtown, this rare opportunity offers exceptional versatility, strong rental potential, and lasting value in a growing destination.
Property Type:
Commercial
Property Sub Type:
Investment
Property Attached:
Yes
Freestanding:
Yes
Total Area:
5400 sq. ft. Square Feet
Total Area:
5,400 sq. ft.
Depth:
237'3"
Frontage:
197'8½"
Lot Details:
x 197.71
Bedrooms:
10
Water supply:
Municipal
Kitchens:
0
Zoning:
RES or R
Heating type:
Gas Forced Air Open
Cooling:
No
New Construction:
No
Garage:
None
Parking Spaces:
30
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$4,413.27 / 2024
Assessment:
$- / -
Burk's Falls
Burk's Falls
Parry Sound
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
Jul 03, 2025
Original Price:
Previous Price:
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Listed by FIRST CLASS STARLINK REALTY
Data was last updated July 5, 2025 at 06:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

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  • Opportunity to increase property value through renovations and upgrades
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.