REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 749,000
Est. payment | /mo
$ 749,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2121687
Originating Board Sudbury Real Estate Board
Property Sub-Type Freehold
Property Description
The right place for the right Buyer! Very unique property that features two buildings. One building is duplex (825 Lorne) with 2-1 bedroom apartments that are currently intentionally vacant. Nicely kept and renovated over time. Second building (1 Rowat) consists of a little over 6500 square feet that is currently rented out at below market rate to a long term commercial tenant. Unit could be made available with 60 days notice to Tenant so new owner can assume for their own tenancy. Income from apartments estimated to be $3300 (estimated) monthly (all in). 1 Rowat is currently rented out on a month to month basis and offers high ceilings and several overhead rails that can support winches of various capacities. Loading dock can accommodate transfer of inventory directly from transport of inventory directly from transport or 5 ton trucks. At grade door on the west side of the building. Interior has several levels with outside storage at rear. Please note that the property on the west side of the building is city owned to accommodate a possible future laneway. The retaining wall is not shared and belongs to the property on the west side of the building. The entire site offers a nice mix of revenue from the two apartments that could easily assist in financing the entire site while providing a building for the right commercial client. The commercial building grew over time and has been expanded. Please note that these two properties must be sold together. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air, Baseboard heaters
Flooring Concrete, Laminate
Exterior
Parking Features No
Fence Partially fenced
View Y/N No
Roof Type Unknown
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada