Royal LePage Don Hamilton Real Estate Brokerage
126 Garafraxa Street N West Grey, Ontario N0G 1R0
$469,000
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. (id:51300)
Property Details
| MLS® Number | 40497842 |
| Property Type | Office |
| Neigbourhood | Durham |
Building
| Basement Type | Partial |
| Stories Total | 2 |
| Size Exterior | 2200.0000 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 165 Ft |
| Size Frontage | 30 Ft |
| Size Total Text | 1/2 - 1.99 Acres |
| Zoning Description | C1h |
https://www.realtor.ca/real-estate/26155485/126-garafraxa-street-n-west-grey
Isha Sachdeva
Salesperson
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October 27 2023 08:48:03
Mississauga Real Estate Board
Sutton Group Realty Experts Inc