$925,000 FOR SALE

Investment

Lot: 60 x 103 ftTotal Area: 1,658 ft2
2021 Taxes: $5,191.69

742 Tower St S
Centre Wellington, ON N1M 2R3 | Fergus | Wellington

Excellent Turnkey Investment Property W/ Upside Potential In Rental Income! Located In The Busy Commercial Highway District Of Fergus W/ Great Signage. Standalone Building Located Next To Shoppers Drug Mart. 2 Commercial Retail Units On Ground Floor & 1 Bed Apartment Unit On 2nd Level. All Units Are Separately Metered. Current Use Of The Commercial Units Is A Cell Phone/Electronics Repair Shop & Hair Salon. Fully Paved Parking Lot W/ Spots For Up To 8 Cars

Extras
Tremendous Population Growth In Fergus As This Amazing Town Offers Beautiful Tree Lined Streets & The Grand River. Lots Of Vehicle Traffic Along Tower St/Hwy 6. C2 Zoning That Offers Lots Of Commercial Uses & Potential Redevelopment Opp.

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Listed By RE/MAX HALLMARK REALTY LTD., Brokerage
MLS® Listing Number X5326937
Last Updated Sep 21, 2021
Property Summary
Property Type Investment
Category Retail
PIN 714990193
Legal Description Pt Lt 12 Con 1 Nichol As In Ro789802
Occupancy Tenant
Possession Date 30 /60
Taxes (2021) $5,191.69
Tax Type Annual
Directions/Cross Streets Tower / Belsyde
Community Fergus
Area Wellington
Price History
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Detailed Information
Freestanding Y
Lot 60 x 103 ft
Retail Area 1,104 ft2
Office/Apt Area 554 ft2
Total Area 1,658 ft2
Elevator None
Air Conditioning Y
Garage Type Outside/Surface
Heat Type Gas Forced Air Open
Sprinklers N
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning Commercial C2
Seller Property Info Statement N

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