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Key Details
Sold Price $445,000
Property Type Commercial
Sub Type Mixed,Building Only
Listing Status Sold
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $202
MLS Listing ID 40497842
Annual Tax Amount $3,200
Property Description
Commercial mixed use-unit Centrally Located In The Town Of Durham, West Grey. 2 commercial unit At Ground floor And 2 Residential Uses On The Second Floor. Amazing opportunity for commercial & mixed use investors, with approx. 10% of cap rate (potential to maximize), Rental Income coming from 2 residential units , Dentistry & Massage Parlour. Features approximately 600 sq. ft. and 240 sq. ft. store fronts. 2nd floor 3 bedroom apartment approx. 1000 sq. ft. and1 bedroom 400 sqft. Walk out basement is undeveloped and has potential to generate around $1200/month. R.O.W. road access behind building. Property and building selling 'As Is'. Heat approximately $142 per month and hydro approximately $146 per month. Rental from full property around -$4,700.00 (Includes Garage rental worth $250.00). Vacant possession of residential units is possible. Perfect opportunity for investors for positive cash flow...New Metal Roof, Boiler Heat.
Location
Province ON
County Grey
Area West Grey
Zoning C1H
Rooms
Kitchen 0
Exterior
Waterfront No
Building
Lot Description Other
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No
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