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Type: Store W/Apt/Office
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Property Type: Commercial
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Zoning: C1 1
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Age: No Data
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Taxes: 928
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MLS®#: X8481726
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Added: Jun 26, 2024 (5 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: SHANAHAN REALTY INC.
A commercial/residential investment opportunity awaits you in downtown Watford. This building has 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 7.3%. 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.
Property
Status: Sale
Property Type: Store W/Apt/Office
Property Type: Store With Apt/Office
Area: Warwick
Community: Watford
Availability Date: flexible
Assessment Amount: $68,000
Assessment Year: 2024
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: N
Heat Type: Baseboard
Elevator: None
Energy Certificate: N
Green Verification Status: N
Freestanding: N
Outside Storage: N
Water Supply: Municipal
Physically Handicapped-Equipped: N
Parking
Garage Type: None
Covered Parking Spaces: 3
Fees
Tax Year: 2024
Tax Legal Description: PT LT 22 PL 1 WATFORD AS IN L586775 S/T L586775; S/T L422886; WA
Taxes: $928
Taxes Type: Annual
Land
Cross Street: Ontario St
Municipality District: Warwick
Parcel Number: 430640283
Sewer: Sanitary
Lot Depth: 132 Feet
Lot Frontage: 22 Feet
Zoning: C1 1
Commercial Specific
Rail: N
Retail Area: 1232
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 2800
Total Area Metric: Sq Ft
Office Size: 1250
Office Size Metric: Sq Ft
Area Influence: Major Highway
Area Influence: Rec Centre
Days Open: 7
Franchise: N
Tangible Property Included: N
Crane: N
Lot Code: Lot
Survey: N
Financial Statement: N
LLBO: N
Bosanquet Central Public School
Elementary: PublicSt Peter Canisius Catholic School
Elementary: CatholicEast Lambton Elementary School
Elementary: PublicSt John Fisher Catholic School
Elementary: CatholicBrooke Central School
Elementary: PublicKinnwood Central Public School
Elementary: PublicNorth Middlesex District High School
Secondary: PublicGlencoe District High School
Secondary: PublicHoly Cross Catholic Secondary School
Secondary: CatholicNorth Lambton Secondary School
Secondary: PublicLambton Central Collegiate and Vocational Institute
Secondary: PublicStrathroy District Collegiate Institute
Secondary: Public
