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Great 5-Plex mixed use building D3 Zoning located in the Downtown Core just outside of Hess Village. Sq Ft according to Seller approx 2920. Comm space on mn fl currently vacant but many options available for retail/restaurant/office & more.... Rare 5 car parking in the rear of building. Gross monthly potential rent of $8,150.00 & annual proj GROSS income of $97,800.00. Bach/Studio $1,350.00 (Actual), 1-Bed (Basement) $1,450.00 (Actual) 1-Studio/Bach - $1,100.00 (Actual) Bach/Studio Loft - $1,250.00 (Actual), 1-Commercial $3,000.00 + HST ( Vacant & Projected) or potential to sub-divide mn fl unit into 2 Bach/Studio suites. Some Res Rents paid directly by the Government. *UTILITIES PAID BY LANDLORD. Some units have had some major updates. Retail mn fl currently vacant but could be great for owner/operator live/work scenario or easily rented. Expenses: Taxes: $4,258.75 (2022), Utilities: $5,428.96 (Annual Hydro, Gas + Water -Estimated), Insurance: $3,000.00(approx). Net: $85,112.29 (Projected), a healthy Cap Rate: 8.5% (Projected). PROPERTY IS ELIGIBLE FOR "FACADE GRANT" & other Downtown Inprovement programs. *East side Stucco wall to be repaired under pending Insurnance claim. Allow 24 Hr's for viewings. * Some Residential units are not accessible until accepted Offer due to Tenant refusal for showings. Buyer to perform own "Due Diligence" regarding zoning and allowable uses. Selling "as is", "where is", no warraunties, guaranties or other representations.48 HRS NOTICE REQUIRED (id:24093)
Listed by Vincent R. Formosi of RE/MAX Escarpment Realty Inc.

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"Based on information submitted to CREA as of February 5, 2023 . 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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