5,000 ft2
Partially Air Conditioned
Hot Water Radiator Heat, Forced Air, Radiant Heat, Radiator
Acreage
$549,900
INVESTORS - TAKE A CLOSER LOOK AT THE NUMBERS. This mixed-use property in the heart of Teeswater combines immediate residential income with significant commercial upside. Four residential apartments are fully occupied, generating $6,000 per month / $72,000 per year in current gross rental income. The approximately 2,500 sq. ft. commercial component offers the opportunity to generate an additional $30,000 annually when fully leased, bringing potential total gross income to approximately $102,000 per year. At the current asking price of $549,000, that's a compelling income opportunity. The commercial space is being offered at $7.00/sq. ft. plus approximately $5.00/sq. ft. TMI and may also appeal to an owner/operator looking to run a business while the four apartments help carry the property. Approximately 5,000 sq. ft. in total with C1 zoning and a prominent Clinton Street location. Buy the existing income and unlock the commercial potential. (id:50976)
Property Details
|
MLS® Number
|
X13721288 |
|
Property Type
|
Retail |
|
Community Name
|
South Bruce |
|
Amenities Near By
|
Highway |
|
Parking Space Total
|
2 |
Building
|
Cooling Type
|
Partially Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Hot Water Radiator Heat, Forced Air, Radiant Heat, Radiator |
|
Size Exterior
|
5000 Sqft |
|
Size Interior
|
5,000 Ft2 |
|
Type
|
Residential Commercial Mix |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
Yes |
|
Land Amenities
|
Highway |
|
Size Depth
|
132 Ft |
|
Size Frontage
|
42 Ft |
|
Size Irregular
|
5000 |
|
Size Total
|
5000 Ac |
|
Size Total Text
|
5000 Ac |
|
Zoning Description
|
C1 |
https://www.realtor.ca/real-estate/30207905/14-clinton-street-s-south-bruce-south-bruce
