No photos available
Investment signal

$799,900

9 WILLOW Street

Beds

5

Baths

4

Sqft

Year

1900

About this home

Offered for sale for the first time in 50+ years is 9 Willow Street in Paris! This adorable century home, currently operated as a triplex, offers loads of features and potential for a future savvy buyer! As a triplex this property showcases the rear two-storey 3 bedroom / 1.5 bathroom unit, a 1 bedroom / 1 bathroom main floor front unit, and a 1 bedroom / 1 bathroom upper front unit. For those that don't need three separate units, converting this home to a duplex or even to a single family home is made extremely easy. Sitting on a near 0.25 acre lot, you will benefit from 11 car parking between the driveway (with access to both Willow and Walnut Street) and the detached one car garage with an additional driveway. The backyard offers loads of space and includes a large deck and oversized garden shed. All three units are in immaculate shape, combining charming historic features along with newer upgrades such as cosmetic finishes, windows, HVAC equipment, 200 amp electrical panel, plumbing, roof, and more. This location is also ideal, being minutes from downtown Paris, the Grand River, and day-today-conveniences. Whether you are looking for an investment property, a property with a mortgage helper, or one big home to call your own, 9 Willow is the perfect spot for you. Book your showing today! (id:65958)

Subtype
Multi-family
MLS#
40810200
Area
PARIS
Negative cash flow ~$1,572/mo at these assumptions

Cash on cash

-11.79%

Cap rate

3.53%

GRM

16.7

Break-even rent

$5,655

Financing

Down payment$159,980
Loan amount$639,920
Mortgage$3,926/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$367
Insurance$80
Maintenance$667
CapEx reserve$333
Vacancy loss$200

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 $3,926/mo at 5.49% with 20% down, 25-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 17, 2026.

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