Added 3 months ago
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Type: Sale Of Business
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Property Type: Commercial
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Zoning: C5 Central Comme
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Age: No Data
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Taxes: 3515
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MLS®#: X10745640
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Days on Site: 104 Days
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Added: Aug 23, 2024 (3 months ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: Bridge Realty
Commercial Building in a Prime Location in Woodstock. The C5 zoning (Central Commercial) permits a variety of uses, ideal for legal, medical, retail, deli, salon, etc. The building offers multiple entrances. The main floor retail area is approximately 1365 sqft and is currently rented to a well-known restaurant. The second and third floors are residential, consisting of four 1-bedroom, 1-bath apartments each with a kitchen. All apartments are currently rented out. There are 6 parking spots at the back of the building, with additional street parking also available. There are 2 bathrooms in the basement for restaurant and general use, along with an unfinished area for restaurant storage. Each unit has a separate hydro meter. Property taxes and water bills are paid by the landlord, while the rest of the utilities are paid by the tenants. The property has significant potential and generates approximately $60,000 in gross rent. Offering 6.3% Cap rate.
Property
Status: Sale
Property Type: Sale Of Business
Property Type: With Property
Area: Woodstock
Availability Date: Flexible
Assessment Amount: $165,000
Assessment Year: 2024
Building
Basement: Y
Water Supply: Municipal
Fees
Tax Year: 2023
Tax Legal Description: PT LT 14 S/S DUNDAS ST PL 26 AS IN 445062 CITY OF WOODSTOCK
Taxes: $3,515
Insurance Fee: 4345
Operating Fees: 8341
Hydro Expense: 480
Other Expenses: 3515
Land
Cross Street: Dundas St & Vansitta
Municipality District: Woodstock
Parcel Number: 001030008
Sewer: Sewers
Lot Depth: 116.09 Feet
Lot Frontage: 26.68 Feet
Zoning: C5 Central Comme
Commercial Specific
Total Area: 4095.64
Total Area Metric: Sq Ft
Area Influence: Public Transit
Holy Family French Immersion School
Elementary: CatholicCentral Public School
Elementary: PublicSouthside Public School
Elementary: PublicNorthdale Public School
Elementary: PublicSt Patrick's
Elementary: CatholicÉcole élémentaire catholique Sainte-Marguerite-Bourgeoys
Elementary: CatholicSt Don Bosco Catholic Secondary School
Secondary: CatholicÉcole secondaire catholique École secondaire Notre-Dame
Secondary: CatholicWoodstock Collegiate Institute
Secondary: PublicSt Mary's High School
Secondary: CatholicHuron Park Secondary School
Secondary: PublicCollege Avenue Secondary School
Secondary: Public
