22 Marie Street South River, Ontario P0A 1X0
$475,000
Great investment opportunity in the heart of South River with great corner lot exposure from Highway 124. Operate your own business and have living quarters or have 6 rental incomes. 2 commercial units on the main floor, one 2-bedroom on main floor and three 2-bedroom apartments on the 2nd floor. Apartments rent for $500-$600/month plus tenants pay heat/hydro. Tenants are all in good-standing and would all like to stay. Some have been there 30+ and 10+ years. 2019 numbers were over $54,000 in rental income and netting approximately $40,000 after expenses. As of November 2020, the 2 commercial units on the main floor were combined to form the Guardian Pharmacy which has moved out but was generating $27,600 income. 1800 sq. ft. space in the former library downstairs - could be converted to apartments or rent as retail space. Men/women washrooms adjacent to former library. All units have separate hydro meters. Owner pays water, heat/hydro for common areas and library area. Don't miss your chance to own this multi-unit commercial property with great income! (id:41575)
Property Details
| MLS® Number | 40047413 |
| Property Type | Other |
| Amenities Near By | Playground, Shopping |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Corner Site, Visual Exposure, Paved Driveway |
| Parking Space Total | 14 |
Building
| Basement Type | None |
| Cooling Type | None |
| Exterior Finish | Brick |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Exterior | 6800.0000 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Playground, Shopping |
| Sewer | Septic System |
| Size Depth | 132 Ft |
| Size Frontage | 139 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Commercial/residential |
Utilities
| DSL* | Available |
| Electricity | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/22640384/22-marie-street-south-river
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Barrie & District Association of REALTORS® Inc.
Keller Williams Experience Realty Brokerage
December 16 2020 07:53:28
Brent Ginou
Sales Representative
Gravenhurst, ON P1P 1X2
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned and administered by CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA’s Data Distribution Facility (DDF®)