14 Clinton Street S,South Bruce, ON N0G2S0
South Bruce, ON N0G2S0
Description
INVESTORS - TAKE A CLOSER LOOK AT THE NUMBERS. This mixed-use property in the heart of Teeswater combines immediate residential income with significant commercial upside. Four residential apartments are fully occupied, generating $6,000 per month / $72,000 per year in current gross rental income. The approximately 2,500 sq. ft. commercial component offers the opportunity to generate an additional $30,000 annually when fully leased, bringing potential total gross income to approximately $102,000 per year. At the current asking price of $549,000, that's a compelling income opportunity. The commercial space is being offered at $7.00/sq. ft. plus approximately $5.00/sq. ft. TMI and may also appeal to an owner/operator looking to run a business while the four apartments help carry the property. Approximately 5,000 sq. ft. in total with C1 zoning and a prominent Clinton Street location. Buy the existing income and unlock the commercial potential. (id:7524)
Details
| MLS # | X13721288 |
|---|---|
| Listing Type | For Sale |
| Style | Residential Commercial Mix |
| Status | Active |
| Days On Site | 64 |
| Listing Provided By | SUTTON GROUP - SELECT REALTY INC. | PERRY CASKANETTE |
Features
| SQ Feet | 5,000 |
|---|---|
| Zoning | C1 |
| Acreage | 5000.00 |
Interior
| Cooling | Partially air conditioned |
|---|---|
| Heating | Hot water radiator heat, Radiant heat, Forced air, Natural gas, Radiator |
| Fireplace Yes / No | No |
Parking
| Parking Total | 2 |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 8963 |
|---|
Area Information
| Province | ON |
|---|---|
| City | South Bruce |
| Postal Code | N0G2S0 |
| Listing VS Median (in N0G2S0) | |
Price: $549,900 low | high Med: $494,450 sqft: 5,000 low | high Med: 700 $ / sqft: $110 low | high Med: $706 On site: 64 low | high Med: 47.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | South Bruce |
| Postal Code | N0G2S0 |
| Listing VS Median (in N0G2S0) | |
Price: $549,900 low | high Med: $494,450 sqft: 5,000 low | high Med: 700 $ / sqft: $110 low | high Med: $706 On site: 64 low | high Med: 47.5 | |
