Real Estate For Sale
Location Ontario,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $93000
Net Profit / Cash Flow $75000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2005
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description 12 plex on main street in town on Georgian Bay 1 hr n of to 10 min to hwy 400. 10 min to Midland, 25 min to Orillia, 1 hr north of Toronto.
10 apartments recently upgraded, fire coded, fully rented.
2 storefronts currently vacant rezoned to residential but can be rezoned back to commercial.
2 attached buildings with separate roll numbers.
0.45 acre lot fronting 153 ft on main street of the town.
Newer building has masonite decorative block exterior. Older building has aluminium siding.
Both buildings have new roof in 2007.
Full hight basement under newer building. All services available including cable tv and natural gas.
Natural gas heating. Separate hydro meters for most of the units.
Municipal water and sewer. New commercial grade gas powered water heater.
Lots of parking space. Rental income $93,000 a year.
There is a multi-million waterfront on georgian bay luxurious townhomes developmenton 825 acres just started in this little town and it will ensure rapid and significant capital gains on the assets with opportunity to get on the ground floor before the prices go sky-high.
Property taxes $9,000. Asking price $650,000 negotiable
Email or call Andrew Sobczak at 705 543 1341 for more information on this real estate for sale.
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