**Lot size: 22,28' x 78.84' x 86.39' x 21.39' R. Mixed use commercial/residential property in the heart of Richmond Row. Main floor, approx. 1,500 square feet level leased to Top Gun Steak and Burgers for 5 years, lease expiring on January 31, 2024. Main level was completely re-built-kitchen, mechanical equipment, walk-in cooler washrooms, flooring, digital security cameras. Two 2 bedroom apartments have been updated and are rented at $1,150 and $950 per month plus 50% of hydro. Laundry facilities. Net operating income of $42,822-year 1, $45,222-year 2 and $47,622-years 3-5. Cap rate increasing from 6% to 6.6% in year 3 at the asking price. Copy of commercial lease and summary of income and expenses available to interested parties. (id:18021)
What's My Home Worth?
Knowledge is power when you’re selling your home. We can help you price your home right so it’s competitive with other listings and captures the interest of qualified buyers.