7.5% cap rate. ICONIC building located on a CORNER lot with existing commercial tenant (restaurant) that's been operating since 1995 on the ground floor unit. This can be a turn-key investment or for self use owner occupied as well. 3 Apartments on the upper floor. Each unit approx 600-700sqft. 6 Parking spots on site. Restaurant seats 100 with 25 patio seating as well. Liquor licensed. Restaurant premise is approx 2000sqft. Functional lower level and being used as part of the restaurant for preparation, fridges, freezers and storage. 2nd floor with 3 two bedroom apartments, kitchen, living/dining area, full bathroom. Each apartment pays their own hydro. Well maintained building and Turn-key investment. Roof replaced 2012. Viewings are by appointment only through listing agent. Please respect the restaurant business thats in operation. DO NOT APPROACH STAFF WITH QUESTIONS RELATED TO THE SALE. They will NOT answer. (id:47423)
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Detailed Information
Lot
53.5 x 74.58 ft
Listing Contract Date
2024-05-27
Municipal ID
041080246
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Office
Transaction Type
For sale
Zoning Description
Commercial GM2 & RH4
Building
Land
Total Size
53.51 ft X 74.62 ft
Size of Irregular Land
53.51 ft X 74.62 ft
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