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$898,800
Est. payment /mo
4 Baths
2,810 SqFt
UPDATED:
12/15/2024 10:08 PM
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,810 sqft
Price per Sqft $319
MLS Listing ID N11884994
Annual Tax Amount $7,156
Tax Year 2024
Property Description
Prime Mixed-Use Investment Opportunity Fully Tenanted 5-Unit Building With 3 Street-Facing Commercial Units And 2 River-Facing Residential Apartments. Generating $6,000/Month Gross Income With Potential Market Rent Of $8,500/Month. Recent $200,000 In 2024 Upgrades, Including New Heating And Cooling Systems, Ductwork, Plumbing, Electrical, And Siding, Soffit, Fascia, And Eaves, Windows, Doors, Complete Reno Of Apartments & Much More! All Hydro Separately Metered And Paid By Tenants. Long-Term Leases In Place (3- And 5-Year Terms). Operating Expenses Include Property Taxes: $7,156 (2024), Gas: $250/Month, Water: $100/Month, And Insurance: $300/Month. This Is The Best Deal In The Area For A Fully Renovated, Income-Generating Property With Long-Term Tenants And Significant Upside Potential.
Location
Province ON
County York
Community Sutton & Jackson'S Point
Area York
Region Sutton & Jackson's Point
City Region Sutton & Jackson's Point
Interior
Heating Yes
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Others
Security Features No
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Listed by RE/MAX HALLMARK YORK GROUP REALTY LTD.
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