$899,900
142 GRAND RIVER Street N
Beds
7
Baths
3
Sqft
—
Year
1850
Type
Multi-family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for 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, café, 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
- 2105 - Fair Grounds
- Common interest
- Freehold
- Living area
- 2,470 square feet
- Parking
- 4 total
- Stories
- 3
- On market
- Apr 23, 2026
- Status changed
- Apr 23, 2026
- Annual tax
- $4,289
- Zoning
- R3
- Photos
- 38
- MLS#
- 40823432
- Area
- PARIS
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Foundation
Lot
Cash on cash
-6.60%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,542
Financing
Operating expenses (monthly)
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
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.