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$ 899,900
Est. payment | /mo
3,650 SqFt
$ 899,900
Est. payment | /mo
3,650 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,650 sqft
Price per Sqft $246
Subdivision Rural Erin
MLS Listing ID X12459965
Annual Tax Amount $5,775
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Situated On PRIME LOCATION !! This commercial property presents an exceptional investment opportunity. It is strategically situated on the busy main street of Hillsburgh, guaranteeing ahigh volume of traffic and excellent visibility. Currently, the property generates a monthly income of $6,200, boasting a cap rate of 6.4%. It is fully leased with Main Floor Is Leased with Pharmacy on renewal options and upstairs 2 updated residential units are with long term Tenants. This property is not just attractive from a financial standpoint; it has also received recent structural and mechanical upgrades, with more than $150,000 spent on renovations. Thec-1 zoning allows for a variety of commercial uses, adding to its appeal for potential tenants. Conveniently located in close proximity to a range of amenities, including a grocery store, arena, and veterinary clinic, the property also offers ample parking for both tenants and customers, further enhancing its appeal. Overall, this commercial property represents an exceptional investment opportunity due to its prime location, consistent rental income, recent updates, and potential for additional revenue streams A portion of the lot is leased on a grandfathered 99 year lease (20.03ft X 52.29ft )PIN (711390220)from the Township of Erin.
Location
Province ON
County Wellington
Community Rural Erin
Area Wellington
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 45.46
Lot Depth 115.47
Others
Security Features No
ParcelsYN No
Listed by ROYAL LEPAGE FLOWER CITY REALTY
We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.