9 Fair View Lane, Powassan, ON
Property no longer active
This property was sold on October 3, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2 1/2 Storey multiplex located in the coveted neighborhood of Powassan. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $599,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 6 Bathrooms
- Generous living space spanning 3000-3500 sqft on a premium 187.29 x 292 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 10.0 total parking spaces available
- Notable attributes: Carpet Free, In-Law Capability, Water Heater Owned
- Efficient forced air heating via gas
Description
Investment Opportunity in the Heart of Powassan! Welcome to 9 Fairview Lane-an updated, income-producing gem with historic charm and modern potential. This stately 6-bedroom, 6-bathroom home is currently tenanted and generating a solid 6% cap rate. Each spacious bedroom features its own ensuite bath, making it an ideal setup for continued rental income or a seamless transition into a licensed Bed & Breakfast, thanks to RU-10 zoning. Over the past 5 years, major upgrades have been completed: new natural gas furnace, full electrical rewire, all new plumbing, windows, and septic system. The roof was replaced just 2 years ago, leaving peace of mind for years to come. With over 3,200 sq. ft. above grade and a third-floor finished loft space, there's room to grow or reimagine the layout. Situated on a generous 1.2-acre lot, this is a rare chance to own a turnkey asset with character, cash flow, and flexibility.
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Property Summary
This multiplex located at 9 Fair View Lane, Powassan is currently for sale and has been available on SousaSells for 392 days. This property is listed at $599,000 with an estimated mortgage of $1,994* per month. It has 6 beds, 6 bathrooms, and is 3000-3500 square feet. 9 Fair View Lane, Powassan is in the Powassan neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Cul de Sac/Dead End, Park, Place Of Worship, Rec./Commun.Centre, School
Interior Features
Carpet Free, In-Law Capability, Water Heater Owned
Security Features
Carbon Monoxide Detectors, Smoke Detector
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 9 Fair View Lane, Powassan, ON P0H 1Z0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Powassan, ON
For a property listed at $599,000 in Powassan, the legal minimum down payment is $34,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,455 for this transaction. As this listing is in Powassan (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.