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$1,299,999
Est. payment /mo
3,270 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,270 sqft
Price per Sqft $397
Subdivision 200 - Gibson/Stipley
MLS® Listing ID 40774722
Year Built 1935
Property Sub-Type Freehold
Source Cornerstone Association of REALTORS®
Property Description
Incredible Investment Opportunity in this recently renovated income property currently used as a 15 Room Fully Occupied rental. 3 Kitchens, 3 Bathrooms, 3 Laundry Facilities. Incredible Cap Rate & Flexible Close; NET over $75,000 Annually. Zoned C2;Mixed us for both Commercial & Residential so can be converted easily back into a full store front; Easily able to have variance done for C5 as it is surrounded by C5 properties. Confirmed can build UP & OUT. Set up to quickly switch to large triplex if desired with no renovations needed. Presently fully occupied with rents paid in full. Property well maintained and large parking areas on side of building & in rear. Recent renovations include: New Furnace last month, new ceramic tiling, new drywall, new kitchen, new washroom, new flooring, Basement renovated ! Quick close available. (2 A/C Units on Central Air & Furnace Owned) (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features Yes
Community Features High Traffic Area
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by Revel Realty Inc.
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