Address
22 MARIE Street South River, ON
Price
$ 399,900
Property Attributes
  • ID#40123313
  • TypeCommercial
  • CitySouth River
  • AreaBarrie and District
  • Postal CodeP0A 1X0
  • Style
  • Price$ 399,900
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Dylan Jarvis with Keller Williams Experience Realty Brokerage
Data Source:
RLP - CREA EN
Property Description

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 ownthis multi-unit commercial property with great income!

General Features

Parking Spaces 14

Exterior Features

Lot Frontage 138.65
Jumpid 15193272
Mls 40123313

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in P0A 1X0

Price
AVG $400K
$400K
Visits
AVG 3
2
Walkscore
AVG 29
29
Data Provided by Walkscore ® not using MLS data