Are you looking for a way to beat the market? Interest rates are dropping everyday. Unlike the majority of other properties on the market, this one actually cash flows. This is a phenomenal opportunity to own a piece of commercial real estate with not 1, not 2, but 3 sources of income! This property features a large commercial space on the ground floor, a generously sized one bedroom apartment on the second floor and a commercial garage at the rear of the property. This property also owns the laneway at the rear of the lot, providing a second entrance, a very attractive feature when considering future development. Current Net Income is $2,527.31. Mortgage estimated at $1,950.26. That is $577.05 positive cash flow every month. These calculations are based on a 4.25% interest rate and a 20% down payment. As rates drop the cash flow will increase. Do not let this opportunity slip through your fingers. With rates dropping this property only becomes more and more attractive every day. (id:39551)
MLS® Number | N9365986 |
Property Type | Retail |
Community Name | Thornton |
Features | Irregular Lot Size |
Fireplace Present | No |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Size Interior | 2808.44 Sqft |
Type | Residential Commercial Mix |
Acreage | No |
Size Depth | 202 Ft ,10 In |
Size Frontage | 30 Ft ,11 In |
Size Irregular | 30.99 X 202.9 Ft ; L Shaped Lot |
Size Total Text | 30.99 X 202.9 Ft ; L Shaped Lot |
Zoning Description | Core Commercial (c2) With Special Prov. |
https://www.realtor.ca/real-estate/27461859/242-barrie-street-essa-thornton-thornton
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