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$ 499,000
Est. payment | /mo
2,800 SqFt
$ 499,000
Est. payment | /mo
2,800 SqFt
Key Details
Property Type Commercial, Single Family Home
Sub Type Investment Property,Residential,Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $178
MLS Listing ID 24014865
Construction Status Approximate
Year Built 1900
Annual Tax Amount $928
Tax Year 2023
Property Sub-Type Investment Property,Residential,Retail
Source WESC
Property Description
New low asking price of $499,000 for a quick sale by a motivated Seller. A commercial/residential investment opportunity awaits you in downtown Watford with double access from Nauvoo Road (Main Street) or at the rear of the building. The main floor has a commercial take-out restaurant up front, with a spacious one-bedroom apartment at the rear. The second floor consists of two, one-bedroom apartments. All units have had extensive interior renovations recently. These four units are all rented with high-value rent, showing an impressive Cap Rate of 8%. The tenants pay the hydro, heat, water, and tenant liability insurance. High-speed unlimited fibre optic internet is available at the tenants cost. Note: the low property taxes of $928.00. This building is a turnkey operation and is a perfect investment opportunity for you. Just take over as an investment or live in one unit yourself and let the tenants pay the mortgage. Professional property management for this building can be arranged.
Location
Province ON
Zoning C1 1
Interior
Heating Baseboard Heaters
Cooling Baseboard Heaters
Flooring Concrete, Cushion or Lino or Vinyl
Exterior
Roof Type Tar & Gravel
Building
Sewer Sanitary
Construction Status Approximate
Listed by Shanahan Realty Inc., Real Estate Brokerage
Nearby Locations