Looking for an opportunity to add to your portfolio of investments or a chance to buy a property to help pay down your mortgage? Located right on Highway 6 in the heart of Durham, 165 Garafraxa St S is a perfect spot for both. You can live in the house while earning 3 streams of income to assist with your monthly mortgage. What better way to build equity than to have someone else help you create it. For investment, the long term commercial anchor tenant adds stability of income and tenancy. The residential units help bring in over $3,000 a month. The main red brick house is a 2+1 bedroom 1 bathroom home with the century style 9ft ceilings. The Commercial space is rented long term to a stable and prospering Pizzeria which has a front area for customers but also a large rear storage area with rear entrance. There are 2 additional apartments for income which are a 1 bedroom and a 2 bedroom with separate entries. This property has many uses with its C1 zoning. Have a look at what this property can do for you, you won't be disappointed. (id:47421)
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Detailed Information
Lot
53 x 165 ft
Listing Contract Date
2024-05-09
Location Description
164 Garafraxa Street South, Durham.
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Zoning Description
C1
Building
Basement Type
Crawl space
Exterior Finish
Brick, Other
Stories Total
2
Size (Exterior)
3800
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Sewer
Municipal sewage system
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