350 St Phillipe Street Alfred, Ontario K0B 1A0
$479,000
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! (id:28469)
Property Details
| MLS® Number | 1417952 |
| Property Type | Multi-family |
| Neigbourhood | Alfred |
| ParkingSpaceTotal | 6 |
Building
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1940 |
| ConstructionStyleAttachment | Attached |
| CoolingType | None |
| ExteriorFinish | Brick, Siding |
| FlooringType | Wall-to-wall Carpet, Mixed Flooring |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| Open |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 63 Ft |
| SizeFrontage | 87 Ft |
| SizeIrregular | 87 Ft X 63 Ft |
| SizeTotalText | 87 Ft X 63 Ft |
| ZoningDescription | Commercial |
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November 22 2024 06:11:12
Ottawa Real Estate Board
Power Marketing Real Estate Inc.