REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 499,900
Est. payment | /mo
3,200 SqFt
$ 499,900
Est. payment | /mo
3,200 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3200
Square Footage 3,200 sqft
Price per Sqft $156
MLS® Listing ID 26014555
Property Sub-Type Freehold
Property Description
EXCEPTIONAL MIXED-USE INVESTMENT OPPORTUNITY IN A HIGH-DEMAND RENTAL CORRIDOR! STRONG INCOME POTENTIAL WITH PROJECTED GROSS ANNUAL INCOME OF APPROXIMATELY $64,800 ACROSS 4 UNITS. SITUATED ON THE CORNER OF UNIVERSITY AVE. W. AND MCEWAN AVE. THIS MOSTLY BRICK TWO-STOREY BUILDING WITH FULL BASEMENT IS ZONED CD2.2 AND BENEFITS FROM EXCELLENT VISIBILITY, NEWER ROAD/SIDEWALK, STRONG RENTAL DEMAND, AND CONVENIENT ACCESS TO PUBLIC TRANSIT. THE MAIN FLOOR FEATURES TWO COMMERCIAL UNITS SUITED FOR PROFESSIONAL OFFICE OR RETAIL USE— ONE CURRENTLY TENANTED AND THE OTHER OWNER OCCUPIED — SECOND FLOOR CONSISTS OF TWO SELF-CONTAINED 2-BEDROOM RESIDENTIAL UNITS, BOTH FULLY OCCUPIED BELOW-MARKET RENTS, PRESENTING FUTURE UPSIDE POTENTIAL. PROPERTY FEATURES INCLUDE A LARGE ASPHALT SURFACE LOT TO ACCOMMODATE 12 PARKING SPACES, 4 ELECTRICAL METERS, NEWER ENERGY-EFFICIENT FURNACE AND CENTRAL AIR FOR THE MAIN FLOOR, HOT WATER TANK OWNED. THIS IS AN EXCELLENT OPPORTUNITY TO ADD A VERSATILE INCOME-PRODUCING PROPERTY TO YOUR PORTFOLIO. SELLER MAKES NO REPRESENTATIONS OR WARRANTEES, THE BUYER IS TO COMPLETE THEIR OWN DUE DILLIGENCE. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat, ,
Cooling Air Conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Ownership Freehold
Listed by BUCKINGHAM REALTY (WINDSOR) LTD.