Boiler
$639,900
Excellent investment opportunity with this commercial/residential building in a prime location. The main floor offers a flexible office layout with 7 offices, currently rented for $2,000/month on a triple-net basis (tenant also pays taxes, utilities, and insurance for the entire building). There is opportunity to increase rent. All interior office walls are non-load-bearing, allowing for maximum customization to suit future needs. The upper level, with a separate entrance, features two apartments: a 2-bedroom unit renting for $1,650/month and a loft-style open-concept apartment renting for $850/month, both on month-to-month leases, utilities included. The building is a former TD Bank, exceptionally well-built. Current owner occupies the main level and is willing to stay as a tenant for at least three more years, or vacate if buyer wishes to occupy. Vendor is also willing to consider a VTB (Vendor Take-Back) for qualified buyers. (id:63476)
Property Details
|
MLS® Number |
2126342 |
|
Property Type |
Other |
|
Equipment Type |
None |
|
Rental Equipment Type |
None |
|
Storage Type |
Storage In Basement |
Building
|
Amenities |
Shared Laundry, Shopping Area, Storefront, Vaulted Ceiling |
|
Exterior Finish |
Brick |
|
Flooring Type |
Hardwood, Laminate |
|
Foundation Type |
Block, Concrete |
|
Heating Type |
Boiler |
|
Roof Material |
Other |
|
Roof Style |
Unknown |
|
Type |
Offices |
|
Utility Water |
Municipal Water |
Parking
Land
|
Access Type |
Year-round Access |
|
Acreage |
No |
|
Sewer |
Municipal Sewage System |
|
Size Total Text |
Under 1/2 Acre |
|
Zoning Description |
C3 |