5366 King Street, Lincoln | Image 1

5366 King Street

Lincoln

  • Commercial

$999,900
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: RUR and NEC

  • Age: 51-99 years

  • Taxes: 5230

  • MLS®#: X8177308

  • Days on Site: 31 Days

  • Added: Mar 26, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: ROYAL LEPAGE STATE REALTY

ATTENTION INVESTORS - DIVERSIFY YOUR INVESTMENT PORTFOLIO OVER 5% CAP RATE long term tenants and rarely offered purpose built 4-Plex in Beamsville on the Wine Route. Each unit ranges in size from 760 775 square feet and offers 2 bedrooms, full 3 or 4-piece bathroom, kitchen, dining area and family room with fireplace insert. Two lower units were renovated in the past 5 years top to bottom, other 2 upper units show well and have small walk out patios. Also contains storage shed, lean to, and older storage shed. Recently installed and approved septic tanks along with armour stone wall in front of 10 car parking. All 4 units are occupied and on month-to-month leases. Additional income from coin operated washer and dryer. Each unit contains fridge and stove and are heated by baseboard heat but with secondary heating from gas fireplace insert.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 51-99

  • Net Income: 51160

  • Area: Lincoln

  • Availability Date: Flexible

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Baseboard

  • Elevator: None

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: Y

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

Parking

  • Garage Type: None

  • Covered Parking Spaces: 10

Fees

  • Tax Year: 2023

  • Tax Legal Description: CON 2 PT LOT 20

  • Taxes: $5,230

  • Expenses: Act

  • Insurance Fee: 4100

  • Hydro Expense: 300

  • Other Expenses: 1200

  • Taxes Type: Annual

  • Taxes: 5230

  • Tax Year: 2023

  • Water Fees: 1250

Land

  • Cross Street: King And Mountainvie

  • Municipality District: Lincoln

  • Parcel Number: 461020006

  • Sewer: Septic

  • Lot Depth: 240.4 Feet

  • Lot Frontage: 113 Feet

  • Lot Irregularities: 113 X 125 X 240 X 271

  • Zoning: RUR and NEC

Additional Media

  • Virtual Tour: https://www.myvisuallistings.com/vtnb/343119

Commercial Specific

  • Retail Area Metric: Sq Ft

  • Total Area: 3000

  • Total Area Metric: Sq Ft

  • Office Size: 3000

  • Office Size Metric: Sq Ft

  • Area Influence: Grnbelt/Conserv

  • Area Influence: Major Highway

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Survey: N

  • Building Percent: 100

  • Financial Statement: Y

  • Gross Income/Sales: 63240

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Map of 5366 King Street, Lincoln
JK-6

Park Public School

Elementary: Public
3.53 km
JK-8

Grand Avenue Public School

Elementary: Public
3.39 km
JK-8

Jacob Beam Public School

Elementary: Public
1.51 km
JK-8

St John Catholic Elementary School

Elementary: Catholic
1.48 km
JK-8

Senator Gibson

Elementary: Public
1.87 km
JK-8

St Mark Catholic Elementary School

Elementary: Catholic
2.03 km
9-12

South Lincoln High School

Secondary: Public
9.59 km
9-12

Beamsville District Secondary School

Secondary: Public
1.86 km
9-12

Grimsby Secondary School

Secondary: Public
6.55 km
9-12

E L Crossley Secondary School

Secondary: Public
20.45 km
Pre-Grade 9-12

Orchard Park Secondary School

Secondary: Public
18.23 km
Pre-Grade 9-12

Blessed Trinity Catholic Secondary School

Secondary: Catholic
7.44 km
4817 King Street, Lincoln | MLS: X8041052
For Sale
3 months ago
$1,195,000
  • 0 bath
  • 0 bed

4817 King Street, Lincoln, Ontario • L0R 1B6 • Lincoln