Prime Investment Opportunity - Fully Leased Commercial Property on a half-acre lot (23,250 sq ft). An exceptional opportunity for the discerning investor: this fully leased property features three stable tenants generating a total gross annual rental income of $128,400. All tenants share hydro costs equally, while the landlord covers property taxes, insurance, water, landscaping, environmental services, and snow removal - streamlining management and enhancing tenant satisfaction. The front section of the lot has been recently paved, ensuring excellent curb appeal and functionality. Zoned RG3[151r], the property offers strong current cash flow with exciting future development potential, as a new residential subdivision is being constructed directly behind the site-presenting opportunities to service this growing community. Please note: storage containers located at the rear of the property are excluded from the sale. (id:28469)
Facts & features
Property
MLS® Number
X13849744
Property Type
Retail
Community Name
8209 - Goulbourn Twp From Franktown Rd/South To Rideau
Building
Cooling Type
Fully Air Conditioned
Size Interior
5,760 Sqft
Utility Water
Drilled Well
Parking
Other
—
Land
Acreage
No
Size Depth
235 Ft ,8 In
Size Frontage
99 Ft ,10 In
Size Irregular
99.91 X 235.74 Ft
Size Total Text
99.91 X 235.74 Ft
Zoning Description
Rg3[151r]
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$6,641/mo
Ontario land transfer tax
$26,473 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.
The Goulbourn Twp From Franktown Rd/South To Rideau market