Prime Mixed-Use Investment Opportunity Fully Tenanted 5-Unit Building With 3 Street-Facing Commercial Units And 2 River-Facing Residential Apartments. Generating $6,000/Month Gross Income With Potential Market Rent Of $8,500/Month. Recent $200,000 In 2024 Upgrades, Including New Heating And Cooling Systems, Ductwork, Plumbing, Electrical, And Siding, Soffit, Fascia, And Eaves, Windows, Doors, Complete Reno Of Apartments & Much More! All Hydro Separately Metered And Paid By Tenants. Long-Term Leases In Place (3- And 5-Year Terms). Operating Expenses Include Property Taxes: $7,156 (2024), Gas: $250/Month, Water: $100/Month, And Insurance: $300/Month. This Is The Best Deal In The Area For A Fully Renovated, Income-Generating Property With Long-Term Tenants And Significant Upside Potential. (id:47421)
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Detailed Information
Bathrooms
4
Lot
51.5 x 115 ft
Amenities Nearby
Highway, Public Transit
Listing Contract Date
2024-12-06
Location Description
Hwy 48 / High Street
Property Type
Retail
Transaction Type
For sale
Zoning Description
C1-1
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Other
Type
Residential Commercial Mix
Utility Water
Municipal water
Land
Total Size
Unit=51.56 x 115.06 FT
Amenities
Highway, Public Transit
Size of Irregular Land
Unit=51.56 x 115.06 FT
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