ADDRESS
Call: 416-800-1055
PROPERTY TYPE
2-Storey, Fourplex Property
6 Parking Spaces
LOT SIZE
87.00 x 63.00
PROPERTY FEATURES
Finished, Full Basement
Brick, Other Exterior
Book Showing
Request More Info
Send Text Message
SALES HISTORY
04/03/2025
FOR SALE
$449,000
PROPERTY TAXES
Call 416-800-1055
PROPERTY DESCRIPTION
Investors Take Note! Great 4Plex Commercial Residential Mixed Use Building In Alfred With Net Income Of Approx $38,000, (8% Cap Rate). All 4 Units Are Currently Rented. Main Floor Has A Com. Unit Rented To A Pizzeria At $1,715 Before Hst + Hydro, Natural Gas And Propane For Restaurant (Base Rent Increase $80 On January First). Main Floor Also Futures A 2Bedr. Apart. ($945 Plus Heat And Hydro) And 1 Bachelor Unit ($478 Hydro Included). The 2Nd Level Has 1 Large 2 Bedroom Unit (Rented $815+ Heat & Hydro) And A Large Unfinished Space That Could Possibly Be Added To The Pizzeria Or For Other Uses (Buyer To Verify With Local Authorities For Requirements). 5 Hydro Meters And 3 Gas Meters On Site. Seller Pays Hydro For Bachelor Only. All Other Tenants Pay Their Own Heat And Hydro. Property Needs Some Tlc. Call Now!
LEGAL DESCRIPTION
Pcl 64 Sec M1; Lt 64 Pl M1; Alfred/Plantagenet
Call: 416-800-1055
Book Showing
Request More Info
Send Text Message