$ 450,000
240 BARRIE STREET Essa (thornton), ON L0L2N0
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$ 450,000
Est. payment | /mo
3,000 SqFt
$ 450,000
Est. payment | /mo
3,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $150
Subdivision Thornton
MLS® Listing ID N9367875
Originating Board Toronto Regional Real Estate Board
Property Description
Are you looking for a way to beat the market? Interest rates are dropping everyday. Unlike the majority of other properties on the market, this one actually cash flows. This is a phenomenal opportunity to own a piece of commercial real estate with not 1, not 2, but 3 sources of income! This property features a large commercial space on the ground floor with a stable tenant,a beautiful two bedroom apartment on the second floor and a one bedroom at the rear of the building.Current Net Income is $2,512.31. Mortgage estimated at $1,950.26. That is $562.05 positive cash flow every month. These calculations are based on a 4.25% interest rate and a 20% down payment. As rates drop the cash flow will increase. Do not let this opportunity slip through your fingers. With rates dropping this property only becomes more and more attractive every day.Reasons to buy this property: 1). Income from three sources. 2). Large footprint on main street. 3). Cash Flow Positive. 4). Proximity to HWY 400 (6 mins approx.). 5). Over 6.5% Cap Rate. (id:24570)
Location
Province ON
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 8
Private Pool No
Listed by IPRO REALTY LTD.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "