This mixed-use property offers steady cash flow from 2 commercial units and 6 residential apartments, generating over $95,000 in annual income. Unit A: Office cleaning company, lease renewed through July 2025, tenant pays hydro ($898 with HST). Unit B: Accountants office, 5-year lease through May 2027 with 5% annual increases ($934.38 with HST). Residential Units: Includes a 4-bedroom apartment, bachelor units, and more, with a mix of all-inclusive and tenant-paid utilities. With an 8.66% ROI and strong tenancy in place, this property is perfect for investors seeking a reliable income stream. Its an opportunity you don't want to miss! **** EXTRAS **** Some tenants have laundry and others don't. (id:47421)
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Detailed Information
Lot
134.67 x 65.83 ft
Listing Contract Date
2024-09-16
Location Description
King St. and Queen St.
# of Parking Spaces
12
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
C1
Business
Business Type
Residential
Business Subtype
Apartments
Building
Heating Fuel
Natural gas
Heating Type
Forced air
Size (Exterior)
8859 square feet
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
Bldg=134.67 x 65.87 FT ; 134.67 ftx65.87 ftx 34.31 ftx65.87 ft
Size of Irregular Land
Bldg=134.67 x 65.87 FT ; 134.67 ftx65.87 ftx 34.31 ftx65.87 ft
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