$ 989,000
270 GEORGE Street Arthur, ON N0G1A0
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$ 989,000
Est. payment | /mo
2,795 SqFt
$ 989,000
Est. payment | /mo
2,795 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,795 sqft
Price per Sqft $353
Subdivision 71 - Arthur
MLS® Listing ID 40652576
Originating Board Cornerstone - Waterloo Region
Property Description
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 seperate meters, there are seperate 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:24570)
Location
Province ON
Interior
Heating Forced air,
Cooling Central air conditioning
Exterior
Garage Yes
Community Features High Traffic Area, Industrial Park, Quiet Area, School Bus
Waterfront No
View Y/N No
Total Parking Spaces 9
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by KELLER WILLIAMS INNOVATION REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "