5301 Nauvoo Road, Warwick, ON N0M 2S0, Warwick, ON, N0M 2S0
MLS: X11912047 | Store W Apt/Office
$499,000
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.
Quick Facts
- Property Type: Store W Apt/Office
- Bedrooms: None
- Bathrooms: None
Costs
- Annual Taxes: $928.00 (2024)
Listing Provided by: SHANAHAN REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Yes
- Utilities: Yes
- Security: No
Exterior & Construction
- Sewer: Sanitary
Lot & Land
- Zoning: C1 1
Community & Neighbourhood
- Community: Major Highway, Recreation/Community Centre
- Neighbourhood: Watford
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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5301 Nauvoo Road, Warwick, ON N0M 2S0, Warwick, ON, N0M 2S0