22 MARIE Street , South River , Ontario , P0A 1X0

Listing ID :40047413

$475,000.00

22 MARIE Street , South River , Ontario , P0A 1X0

Property Type
Other
Building Type
NA
Storeys
2
Title
Freehold
Land Size
under 1/2 acre
Parking Type
NA
Year Built
NA

Description

Great investment opportunity in the heart of South River with great corner lot exposure from Highway 124. Operate your own business and have living quarters or have 6 rental incomes. 2 commercial units on the main floor, one 2-bedroom on main floor and three 2-bedroom apartments on the 2nd floor. Apartments rent for $500-$600/month plus tenants pay heat/hydro. Tenants are all in good-standing and would all like to stay. Some have been there 30+ and 10+ years. 2019 numbers were over $54,000 in rental income and netting approximately $40,000 after expenses. As of November 2020, the 2 commercial units on the main floor were combined to form the Guardian Pharmacy which has moved out but was generating $27,600 income. 1800 sq. ft. space in the former library downstairs - could be converted to apartments or rent as retail space. Men/women washrooms adjacent to former library. All units have separate hydro meters. Owner pays water, heat/hydro for common areas and library area. Don't miss your chance to own this multi-unit commercial property with great income! (id:38336)

Details

AccessType
Road access, Highway access
Appliances
NA
Features
Corner Site, Visual exposure, Paved driveway
Parking Type
NA
Rental Equipment
NA
Structure
NA
Waterfront
NA
WaterFrontName
NA

Building

Bathrooms (Partial)
NA
Bathrooms (Total)
NA
Bedrooms - Above Grade
NA
Bedrooms - Below Grade
NA
Exterior Finish
Brick
Fireplace Type
NA
Floor Space
NA
Flooring
NA
Foundation Type
NA
Heating Fuel
NA
Heating Type
Baseboard heaters
Rental Equipment
NA
Style
NA
Utility Sewer
Septic System
Water
Municipal water

Land

Landscape Features
NA

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