14 CLINTON STREET S
South Bruce, Ontario
MLS® X13721288
$549,900
- Status
- Active
- Property type
- Retail
- MLS® number
- X13721288
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 11Listing description
INVESTORS - TAKE A CLOSER LOOK AT THE NUMBERS. This mixed-use property in the heart of Teeswater combines immediate residential income with significant commercial upside. Four residential apartments are fully occupied, generating $6,000 per month / $72,000 per year in current gross rental income.
The approximately 2,500 sq. ft. commercial component offers the opportunity to generate an additional $30,000 annually when fully leased, bringing potential total gross income to approximately $102,000 per year.
At the current asking price of $549,000, that's a compelling income opportunity. The commercial space is being offered at $7. 00/sq.
ft. plus approximately $5. 00/sq.
ft. TMI and may also appeal to an owner/operator looking to run a business while the four apartments help carry the property. Approximately 5,000 sq.
ft. in total with C1 zoning and a prominent Clinton Street location. Buy the existing income and unlock the commercial potential.
Property summary
- MLS® number
- X13721288
- Property type
- Retail
- Building type
- Residential Commercial Mix
- Size
- 5,000 sq ft
- Land size
- 5000 acres
- Annual property taxes
- $8,963.00
- Parking
- 2 spaces
- Days on market
- 31 days
Features & details
- Heating
- Hot water radiator heat, Radiant heat, Forced air, Natural gas, Radiator
- Cooling
- Partially air conditioned
What would this home cost you?
Based on the $549,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of SUTTON GROUP - SELECT REALTY, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.