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Rents. Main floor commercial $2050, Rented to the Ink Room for several years. Apt upper $2400. Plus the Billboard is rented for $1200 per month. Gross rent is $67800. Costs: Tax $5919, Insurance $3000, Gas $1500, Hydro $1800, Water $1300. ($13519). Net income $54281. 7.4% Cap Rate. This site is right across from the old Alexander's that is being redeveloped. The total lot is paved parking. Zoning is C 8 (19). Allows for a wide range of commercial uses on the main floor and residential upstairs. Upstairs are 2 tenants with 2 bathrooms and 2 bedrooms and living areas. ($2400 all inclusive). (id:10452)
Property Details
| Property Type | Duplex |
|---|---|
| Square Feet | 2500.0000 |
| Maintenance | N/A |
| Days On Our Website | 17 |
| Basement | Unfinished - Full (Unfinished) |
| Kitchens | |
| Lot Dimensions | under 1/2 acre |
| Pool | N/A |
| Area | Brantford |
| Air Conditioning | Central air conditioning |
| Heating | Natural gas - Forced air |
| Exterior | Brick |
| Parking Spaces | 6 |
| Sewers | Municipal sewage system |
| Water | Municipal water |
Listing Office: Royal LePage Action Realty
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