WELL BUILT COMMERCIAL BUILDING WITH EXTENSIVE RENOVATIONS. HAS TWO LEASES WITH GOOD RENTS. ONE LEASE IS OF 7 YEARS AND ANOTHER ONE IS OF 5 YEARS.THE MIDDLE UNIT WAS GOING TO BE USED BY THE OWNER AS ONE OF THEIR MODEL HOME DISPLAY CENTRES BUT NOT ANY MORE. BUT IF RENTED, COULD FETCH APX. $46,800.00 OF NET INCOME. THIS PROPOERTY IS A POTENTIAL FOR BUILDING MULTI 8/9 STOREY BUILDING WITH AN APPLICATION. CURRENT ZONING IS "AM" (ARTERIAN MAIN STREET), WHICH ALLOWS FOR A RANGE OF USES. PLEASE BE DISCREET AND DO NOT APPROACH CURRENT TENANTS AND EMPLOYEES DIRECTLY. YOU CAN COME AND SEE THE PROPERTY FROM OUTSIDE BUT NO SHOWING OF THE INSIDE AREA WITHOUT ACCOMPANIMENT OF THE LISTING AGENT OR THE REPRESENTATIVE OF THE SELLER. POTENTIAL DEVELOPMENT SITE FOR A 8/9 STORIED BUILDING. THE LANDSCAPE ON THIS BANK STREET SITE IS RAPIDLY CHANGING. LOTS OF MEDIUM TO HIGH RISES ARE BEING BUILT AND ARE GOING TO BE BUILT. (id:8860)
Listed by Coldwell Banker Sarazen Realty, Brokerage
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