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Premium Commercial/Residential building located in heart of Waterfords downtown business core. Offers excellent visual exposure incs hi-volume of pedestrian & vehicular traffic - short walk to amenities, eateries + Waterford Lakes. 20 min/Brantford & 403 - 90 mins/GTA. The building was completely reconstructed in 1979/80 - from the basement up - as a result of Tornado damage. Introduces aprox. 5776sf (above grade sqft) + full functional/dry basement comprised of 3 units w/rear access. MAIN LEVEL incs renovated Commercial Street facing Unit rented $1800 p/mnth (all inclusive). Rear MAIN LEVEL ftrs stylishly remodeled owner occupied Residential Unit w/1.5 baths, large principal rooms & 9 ceilings - $1500 p/mnth projected income (enough space for possibly 2 units). 4 UPPER LEVEL Residential Units (Tenants pay utilities)-all units units inc separate aqua-therm furnaces, hydro & gas meters. UNIT #1 - 2 bedrm/$1200 p/mnth, UNIT #2 - 2bedrm/715 p/mnth, UNIT #3 - 2 bedrm/$850 p/mnth, UNIT #4 - 1 bedrm/$785 p/mnth. List price CAP RATE-3.5 / projected (if owners unit is rented) CAP RATE-4.7. Extras inc new roof covering-2018, rear paved parking for 5 vehicles, adjacent paved parking lot w/2 street entrances, street parking, 4 n/g water heaters fueling aqua-therm furnaces-2018. Suitable for the move-in one unit & let rental income cover the mortgage scenario - or ideal for wise Investor who can appreciate the quality of this solid building. Offers Anytime w/48 hr irrevocable. (id:24093)
Listed by Peter R. Hogeterp of RE/MAX Escarpment Realty Inc.

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"Based on information submitted to CREA as of August 14, 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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