Discover a hassle-free investment opportunity with this 2022-built property, generating nearly $100k in annual rental income with a 6.25% cap rate! This property features one commercial unit and three luxury residential units, each offering 2 bedrooms and 1 bath. The residential units boast high-end finishes and upgrades, including quartz countertops, ceramic tile flooring and shower, his and her sinks, cheater ensuites, and stainless steel appliances including dishwashers. Each unit also includes a full-size, stacked washer and dryer. Tenants enjoy separate utilities with individual meters, ensuring ease of management. The commercial unit faces the busy 7/8 Highway between Kitchener and Stratford, providing excellent visibility. Whether you're looking to add to your portfolio or make your money work for you, this property is a standout choice. (id:47421)
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Listed By
The Realty Firm Inc Brokerage
Data Provided By
Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
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Detailed Information
Lot
103 x 0 ft
Amenities Nearby
Schools
Listing Contract Date
2024-08-19
Location Description
: Line 34 Between James Street and Galt Street
Ownership Type
Freehold
Property Type
Office
Transaction Type
For sale
Zoning Description
C1
Building
Basement Type
Full
Constructed Date
2022
Exterior Finish
Stone, Stucco
Foundation Type
Poured Concrete
Stories Total
3
Size (Exterior)
5159
Utility Water
Municipal water
Utilities
Type
Description
Electricity
Available
Natural Gas
Available
Telephone
Available
Land
Total Size
under 1/2 acre
Access Type
Road access
Amenities
Schools
Sewer
Municipal sewage system
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