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 dont want to miss! **** EXTRAS **** Heating is a combination of forced air and electric baseboards, laundry exists for some tenants, and not others. (id:47421)
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Detailed Information
Amenities Nearby
Park
Listing Contract Date
2024-09-16
Location Description
King St. and Queen St.
# of Parking Spaces
12
Property Type
Single Family
Transaction Type
For sale
Building
Basement Features
Apartment in basement
Basement Type
N/A
Exterior Finish
Brick
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
3
Type
Other
Utility Water
Municipal water
Utilities
Type
Description
Cable
Available
Sewer
Available
Land
Amenities
Park
Sewer
Sanitary sewer
Surface Water
Lake/Pond
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