Royal LePage Don Hamilton Real Estate Brokerage
270 George Street Arthur, Ontario N0G 1A0
$989,000
Live and Work Opportunity! Unique 5-unit property with a commercial unit, 4 residential units, and an attached garage. Rebuilt from foundation in 2022. Two-bedroom unit with open concept and large balcony, 1- bedroom units, and a bachelor unit. All units occupied by the seller and family, available vacant. Rare 8% cap rate, cashflow of $1500/month. No rent control as units built after 2018. Incredible return on investment in growing Arthur market. Financials available. Although there are no seperate meters, there are seperate electrical panels so creating seperate hydro meters can be done by the buyer. Financials in supplements and can be provided. All units vacant/owner occupied and vacant possession will be at closing. Seller financing may be available. Zoned C1 Section 16 https://www.wellington-north.com/sites/default/files/2023- 05/WN%20ZBL%2066-01%20CONSOLIDATION%20March%202023.pdf Seller financing may be available up to 100k! See financials. https://drive.google.com/drive/folders/15XpTqZ9MNCAz9fZ1OkUG3gNe-5wfcm4x?usp=drive_link (id:51300)
Property Details
| MLS® Number | 40652576 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit, Schools, Shopping |
| CommunityFeatures | High Traffic Area, Industrial Park, Quiet Area, School Bus |
| Features | Sump Pump |
| ParkingSpaceTotal | 9 |
Building
| Appliances | Central Vacuum |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Stucco |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2795 Sqft |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeFrontage | 62 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C1 |
https://www.realtor.ca/real-estate/27462195/270-george-street-arthur
Sam Abdallah
Salesperson
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September 24 2024 09:26:14
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