40 Main Street, Southgate | Image 1

40 Main Street

Southgate, Dundalk

  • Commercial

$XXX,XXX
For Sale

Added 3 months ago

Sign in or Register • To view all data & photos, an account is required by the Toronto Real Estate Board.
  • Type: Store W/Apt/Office

  • Property Type: Commercial

  • Zoning: C2-444

  • Age: No Data

  • Taxes: 3021.15

  • MLS®#: X9017204

  • Days on Site: 72 Days

  • Added: Jul 06, 2024 (3 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: RE/MAX SUMMIT GROUP REALTY

Situated in the heart of downtown Dundalk, this mixed-use building presents a unique investment opportunity that blends commercial vibrancy with residential ease. The property showcases an 1,100 sq ft commercial office space, nicely designed with a modern open-concept layout and complemented by a separate enclosed office for privacy. The space is illuminated by large windows allowing for an abundance of natural light, creating a welcoming and productive work environment. A functional kitchenette at the rear offers convenience, along with dual access from the front and a private back entrance. The full basement, accessible via the office area, serves as an ideal storage solution and includes a handy 2-piece bathroom, adding to the utility of the space. Above, the building features two residential units, which provide steady rental income. The front apartment includes two bedrooms and is accessible directly from the street, making it perfect for small families or professionals. The rear apartment features one bedroom, a personal deck, and dual access points from both the front street and the back of the building, offering a flexible living space. Additional perks include a detached two-car garage that not only provides optional parking and storage for the owner but also offers potential for further rental income. This property combines commercial utility with residential income potential, perfect for investors seeking a property with both commercial appeal and residential charm or a buyer looking to occupy one of the residential units while allowing rental income from the other spaces to supplement the mortgage payment.

Extras

All showings to be booked through Broker Bay via MLS # 40615683

Property

  • Status: Sale

  • Property Type: Store W/Apt/Office

  • Property Type: Store With Apt/Office

  • Area: Southgate

  • Community: Dundalk

  • Availability Date: Flexible

  • Assessment Amount: $113,000

  • Assessment Year: 2024

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Hot Water

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 1 BLK E PL 480 DUNDALK AS IN R329645; SOUTHGATE

  • Taxes: $3,021

  • Expenses: Act

  • Insurance Fee: 3829

  • Hydro Expense: 2550

  • Heat Expenses: 662

  • Other Expenses: 510

  • Taxes Type: Annual

  • Tax Year: 8751

  • Water Fees: 1200

Land

  • Cross Street: From Hwy 10 at Dunda

  • Municipality District: Southgate

  • Parcel Number: 373150197

  • Lot Depth: 149.99 Feet

  • Lot Frontage: 20.44 Feet

  • Zoning: C2-444

Commercial Specific

  • Retail Area: 1100

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 2200

  • Total Area Metric: Sq Ft

  • Office Size: 1100

  • Office Size Metric: Sq Ft

  • Area Influence: Rec Centre

  • Lot Code: Building

  • Gross Income/Sales: 40422

4-8

Highpoint Community Elementary School

Elementary: Public
0.74 km
JK-3

Dundalk & Proton Community School

Elementary: Public
0.48 km
JK-8

Osprey Central School

Elementary: Public
16.38 km
JK-8

Hyland Heights Elementary School

Elementary: Public
17.49 km
JK-8

Glenbrook Elementary School

Elementary: Public
17.69 km
JK-8

Macphail Memorial Elementary School

Elementary: Public
15.95 km
11-12

Dufferin Centre for Continuing Education

Secondary: Public
35.63 km
9-12

Jean Vanier Catholic High School

Secondary: Catholic
38.61 km
9-12

Grey Highlands Secondary School

Secondary: Public
15.74 km
Pre-Grade 9-12

Centre Dufferin District High School

Secondary: Public
17.60 km
9-12

Westside Secondary School

Secondary: Public
36.25 km
9-12

Collingwood Collegiate Institute

Secondary: Public
38.12 km