This versatile property, zoned C5 (Central Commercial), accommodates a variety of uses,including, medical, retail, deli/restaurant, salon, and more. The building features multipleentrances, with the main floor offering approximately 1,365 sq. ft. currently leased to apopular restaurant. The upper floors comprise four 1-bedroom, 1-bath residential apartments,each equipped with a kitchen. Six private parking spaces are available at the rear, along withample street parking. The basement includes two bathrooms for restaurant and general use, aswell as an unfinished storage area for the restaurant. Each unit is separately metered forhydro, with the landlord covering property taxes and water bills while tenants handle otherutilities. Generating approximately $55,000 in gross rent, this property delivers a 6% cap rateand exceptional investment potential. (id:47421)
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Listed By
Bridge Realty
Data Provided By
Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
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Detailed Information
Lot
26.67 x 116.08 ft
Amenities Nearby
Highway, Public Transit
Listing Contract Date
2025-01-01
Location Description
DUNDAS ST & VANSITTART AVE
Property Type
Retail
Transaction Type
For sale
Zoning Description
C5
Building
Appliances
Refrigerator, Stove
Heating Type
Baseboard heaters
Utility Water
Municipal water
Land
Total Size
26.68 x 116.09 FT
Amenities
Highway, Public Transit
Size of Irregular Land
26.68 x 116.09 FT
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