$740,000 FOR SALE

Investment

Lot: 50 x 176 ftTotal Area: 4,294 ft2
2022 Taxes: $4,218

250 Main St
North Middlesex, ON N0M 2K0 | Parkhill | Middlesex

Rapunzel had her own turret and why shouldn't you? Or are fairytales only for those with long golden hair? I don't think so! This stunning building was built in 1895 by a local doctor. The majority of the original details still remain, such as the original fireplace, trim and also the enormous sliding glass pocket doors that divide the two large rooms on the main. This building has been lovingly cared for by the current owners since 1989. There is definitely the opportunity here for someone to create their own Disney story here. The bricks were manufactured right in Parkhill and all of the stained glass panels still hang in the windows, many of which have been replaced. . The main floor can be used as 1,2 or 3 or more separate commercial spaces and is divided by a large hall/waiting area with a small two piece bath. There are currently two residential units upstairs in the back with two separate accesses (a one bedroom and a two bedroom). Each unit has its own furnace/water heater and hydro panel. The rear access on the main floor is also the entrance to a third two bedroom unit. The current owner used this as a part of their offices (they had 7 separate offices and a large boardroom). With the current zoning being C1 only 50% of the main floor must be commercial use. The basement has a great height for easy accessibility and is clean and dry. Great for storage but does have development potential. There is ample parking on the street as well as in the rear as the lot is quite large. There are definitely some cosmetic updates to do but the building is solid and up to code. The two bedroom is rented out for $598 a month plus utilities. The tenant has been there six years and seems willing to renegotiate his rent. The one bedroom is newly renovated and rented out for $900 a month plus utilities.

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Listed By ROYAL LEPAGE TRILAND REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8282764
Last Updated May 28, 2024
Property Summary
Property Type Investment

More like this:
PIN 096360012
Legal Description LT 8 & PT LTS 7 & 9, E OF MAIN ST, PL 202, AS IN 834109; S/T 713769 MUNICIPALITY OF NORTH
Occupancy Tenant
Possession Date Flexible
Taxes (2022) $4,218
Assessment (2023) $241,000
Directions/Cross Streets Hastings
Neighbourhood Parkhill
Area Middlesex
Price History
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Detailed Information
Bathrooms 4
Lot 50 x 176 ft
Lot Irregularities T Shaped Lot With Road Access Off Of Has
Total Area 4,294 ft2
Air Conditioning Central Air
Basement Y
Chattels N
Garage Type Outside/Surface
Parking Spaces 16
Heat Type Forced Air
Hydro Expense $2,153
Heat Expenses $1,405
Insurance Expense $4,800
Area Influences Rec Centre
Sewers Sewers
Water Municipal
Zoning C1
Seller Property Info Statement Y

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