| Price | $ 475 000 | On the Market | 131 days |
|---|---|---|---|
| MLS® # | 40047413 | Type | |
| Bedrooms |  | Bathrooms |  |
| Postal Code | P0A1X0 | City | South River |
| Property Size | under 1/2 acre | Building Size | 6800 m2 (73195 ft2) |
| Street | Marie | Town/Area | South River |
Great investment opportunity in the heart of South River with great corner lot exposure from Highway 124. Operate your own business and have living quarters or have 6 rental incomes. 2 commercial units on the main floor, one 2-bedroom on main floor and three 2-bedroom apartments on the 2nd floor. Apartments rent for $500-$600/month plus tenants pay heat/hydro. Tenants are all in good-standing and would all like to stay. Some have been there 30+ and 10+ years. 2019 numbers were over $54,000 in rental income and netting approximately $40,000 after expenses. As of November 2020, the 2 commercial units on the main floor were combined to form the Guardian Pharmacy which has moved out but was generating $27,600 income. 1800 sq. ft. space in the former library downstairs - could be converted to apartments or rent as retail space. Men/women washrooms adjacent to former library. All units have separate hydro meters. Owner pays water, heat/hydro for common areas and library area. Don't miss your chance to own this multi-unit commercial property with great income! (id:20829)
| Size Total | under 1/2 acre |
|---|---|
| Size Frontage | 139 |
| Sewer | Septic System |
| Size Depth | 132 ft |
| Ownership Type | Freehold |
| Zoning Description | Commercial/Residential |
This listing of a Other property For sale is courtesy of Dylan Jarvis from Keller Williams Experience Realty Brokerage
