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Rents. Main floor commercial $2050, Rented to the Ink Room for several years. Apt upper $2400. Plus the Billboard is rented for $1200 per month. Gross rent is $67800. Costs: Tax $5919, Insurance $3000, Gas $1500, Hydro $1800, Water $1300. ($13519). Net income $54281. 7.4% Cap Rate. This site is right across from the old Alexander's that is being redeveloped. The total lot is paved parking. Zoning is C 8 (19). Allows for a wide range of commercial uses on the main floor and residential upstairs. Upstairs are 2 tenants with 2 bathrooms and 2 bedrooms and living areas. ($2400 all inclusive). (id:24093)
Listed by William Austin of Royal LePage Action Realty

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"Based on information submitted to CREA as of August 13, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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