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$549,900
Available - For Sale
Listing ID: X13721288
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.
Price $549,900
Taxes: $8,963
Tax Type: Annual
Occupancy by: Tenant
Address: 14 Clinton Street South , South Bruce, N0G 2S0, Bruce
Postal Code: N0G 2S0
Province/State: Bruce
Directions/Cross Streets: James
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Store With Apt/Office
Building Percentage: T
Total Area: 5,000
Total Area Code:  Square Feet
Office/Appartment Area: 2500
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway  
Maintenance: 0
Sprinklers: No
Heat Type: Gas Hot Water
Central Air Conditioning: Partial
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SUTTON GROUP - SELECT REALTY

14 Clinton Street South , South Bruce, N0G 2S0, Bruce

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Maria Tompson
Sales Representative
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Type: Com - Store W Apt/Office
Area: Bruce
Municipality: South Bruce
Neighbourhood: South Bruce
Style:
Lot Size: x 132.00(Feet)
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Tax: $8,963
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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