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270 GEORGE Street, Arthur, Ontario

$958,000

2,795 Square Feet

Live and Work Opportunity! Unique 5-unit property with a commercial unit, 4 residential units, and an attached garage. Rebuilt from foundation in 2022. Two-bedroom unit with open concept and large balcony, 1- bedroom units, and a bachelor unit. All units occupied by the seller and family, available vacant. Rare 8% cap rate, cashflow of $1500/month. No rent control as units built after 2018. Incredible return on investment in growing Arthur market. Financials available. Although there are no separate meters, there are separate electrical panels so creating seperate hydro meters can be done by the buyer. Financials in supplements and can be provided. All units vacant/owner occupied and vacant possession will be at closing. Seller financing may be available. Zoned C1 Section 16 https://www.wellington-north.com/sites/default/files/2023- 05/WN%20ZBL%2066-01%20CONSOLIDATION%20March%202023.pdf Seller financing may be available up to 100k! See financials. https://drive.google.com/drive/folders/15XpTqZ9MNCAz9fZ1OkUG3gNe-5wfcm4x? usp=drive_link (id:23309)

Listing ID: 40662331
Property Type: Multi-family

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Details

Amenities Nearby: Park, Public Transit, Shopping
Community Features: High Traffic Area, Community Centre, School Bus
Features: Sump Pump
Ownership: Freehold
Parking Spaces: 8
Transaction: For sale
Zoning Description: C1

Building

Appliances: Central Vacuum, Window Coverings
BasementType: Full (Unfinished)
Basement Development: Unfinished
Cooling: Central air conditioning
Exterior Finish: Brick, Stucco
Fireplace Present: False
Foundation: Poured Concrete
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2795 sqft
Stories Total: 2
Utility Water: Municipal water

Land

Access Type: Highway access
Amenities: Park, Public Transit, Shopping
Sewer: Municipal sewage system
Size Frontage: 62 ft

Listing provided by eXp Realty, Brokerage
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 270 GEORGE Street in Arthur Ontario. It was last modified on October 12th, 2024. Contact the Lifestyle Real Estate to schedule a viewing or to discover other Arthur real estate for sale.

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