22
See all 22 photos
$499,000
Est. payment /mo
2,800 SqFt
Active
5301 Nauvoo RD Warwick, ON N0M 2S0
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Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $178
Subdivision Watford
MLS Listing ID X11912047
Building Age 100+
Annual Tax Amount $928
Tax Year 2024
Property Sub-Type Store W Apt/Office
Lot Depth 132.0
Lot Front 22.0
Property Description
New low asking price of $499,00.00 for a quick sale by a motivated seller. A commercial/residential investment opportunity awaits you in downtown Watford. This building has double access from Nauvoo Road (Main Street) or at the rear of the building. The main floor has a commercial take-out restaurant up front, with a spacious one-bedroom apartment at the rear. The second floor consists of two, one-bedroom apartments. All units have had extensive interior renovations recently. These four units are all rented with high-value rent, showing an impressive Cap Rate of 8%. The tenants pay the hydro, heat, water, and tenant liability insurance. High-speed unlimited fibre optic internet is available at the tenants cost. Note: the low property taxes of $928.00. This building is a turnkey operation and is a perfect investment opportunity for you. Just take over as an investment or live in one unit yourself and let the tenants pay the mortgage. Professional property management for this building can be arranged. **EXTRAS** Plenty of parking at the rear or on the street and across the street in the public lot. In an effort not to disturb the tenants, please view the interior pictures provided, taken after renovations , with this listing.
Location
Province ON
County Lambton
Community Watford
Area Lambton
Zoning C1 1
Interior
Cooling Yes
Exterior
Community Features Major Highway, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 22.0
Lot Depth 132.0
Others
Security Features No
Listed by SHANAHAN REALTY INC.
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