$1,199,900 FOR SALE

Business for Sale

Lot: 66.17 x 132.34 ftTotal Area: 7,463 ft2
2023 Taxes: $6,600

65 Maitland Terr
Strathroy-Caradoc, ON N7G 1L2 | SW | Middlesex

Investors, take note of this incredible opportunity presented by a commercial/residential building! Located in a prime spot near the downtown core, this property in the thriving Town of Strathroy holds immense potential. Boasting nearly 6000 sq ft of commercial space and 12 parking spaces, it offers a significant advantage for those looking to own an income-generating property. The main floor features 12 ft ceilings with fire-rated drywall and is currently operating as a restaurant. However, it can easily be transformed into a personal care service, pharmacy, medical clinic, club, event hall, and more. Constructed approximately 18 years ago, the property also includes a separate entrance leading to a 2100 sq ft apartment. This apartment comprises 4 bedrooms, 2 baths, a living room, updated flooring, its own heating and cooling system, and a spacious patio that has the potential to generate $2800 to $3000 per month. With two separate entrances on the main floor, there is even an opportunity to partition a section of the building for additional income potential. Additional features of the property include an 8' x 14' walk-in cooler, ample storage, all-new electrical wiring (3 phase 120V/208V), and a split A/C-heat pump system that serves the main floor. For more information, please reach out to me directly.

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Listed By BLUE FOREST REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8287034
Last Updated May 01, 2024
Property Summary
Property Type Business For Sale

More like this:
Franchise Non-Franchise
Business/Building Name Jedas Market Cafe Party Rentals
Category With Property
PIN 096100049
Legal Description LT 97, 34PL104 ; STRATHROY
Occupancy Owner
Possession Date Flexible
Taxes (2023) $6,600
Assessment (2024) $331,000
Directions/Cross Streets Caradoc St S
Neighbourhood SW
Area Middlesex
Price History
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Detailed Information
Lot 66.17 x 132.34 ft
Retail Area 5,357
Office/Apt Area 2,106
Total Area 7,463 ft2
Approximate Age 31-50
Basement N
Garage Type None
Hydro Expense $15,600
Heat Expenses $3,600
Insurance Expense $5,400
Outside Storage Y
Sewers Sewers
Water Municipal
Zoning C-1
Seller Property Info Statement Y

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