REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 479,000
Est. payment /mo
Active
350 ST PHILLIPE ST Alfred, ON K0B 1A0
UPDATED:
Key Details
Property Type Other Types
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1417957
Year Built 1940
Annual Tax Amount $3,300
Tax Year 2023
Property Sub-Type Retail
Property Description
Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000 (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now!
Location
Province ON
Listed by POWER MARKETING REAL ESTATE INC.
Nearby Locations