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Investment signal

$899,900

142 GRAND RIVER STREET N

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Brant (Paris). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 142 Grand River Street N in Paris! Unlock a rare investment opportunity in one of Ontario's most charming towns. Nestled right in the heart of Paris, this versatile mixed-use property offers endless possibilities for savvy investors or entrepreneurs looking to establish roots in a thriving community. This solid 2.5-storey brick triplex features three self-contained units - an excellent setup for those wanting rental income while keeping options open for personal use or future expansion. The property includes two spacious 2-bedroom units and one generous 3-bedroom unit, offering versatile living arrangements for tenants or owners alike... But that's just the beginning. Included on the property is a historic two-storey barn (approx. 35' x 39'), dating back to the 1800s. Whether you envision a creative studio, workshop, retail space, or an income-generating rental, the potential is undeniable. Refurbish and reimagine - this space is ready for its next chapter. What truly sets this property apart is its core commercial zoning. Imagine running your own boutique, cafe, office, or gallery at street level while living steps away, all within the energetic downtown core. Paris is a destination community, popular with both residents and visitors, and known for its vibrant local businesses, beautiful riverside views, and small-town charm. Whether you're an investor, entrepreneur, or visionary, this property delivers location, versatility, and income potential all in one. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: Paris
Lot dimensions: 52.6 FT
Bedrooms: 7 above grade
Parking: 4 total
Stories: 3
Fireplace: 1
On market: Apr 23, 2026
Status changed: Apr 23, 2026
Annual tax: $4,289
Zoning: HA-C4 / R3
Photos: 38
MLS#: X13034584
Area: BRANT_(PARIS)

Features and systems

Parking

Detached GarageGarage

Basement

FinishedN/A

Appliances

WasherRefrigeratorWater softenerStoveDryer

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Stone

Negative cash flow ~$990/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.60%

Cap rate

3.54%

GRM

16.7

Break-even rent

$5,542

Financing

Down payment$179,980

Loan amount$719,920

Mortgage$3,648/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$412

Insurance$80

Maintenance$750

CapEx reserve$375

Vacancy loss$225

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,648/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.