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$999,900
Available - For Sale
Listing ID: E12004949
Welcome to 16121 Island Rd, Port Perry a unique C4-zoned commercial/residential property offering incredible potential for both business and residential use. Currently set up with 3 apartments and retail/commercial space, this building is perfect for investors or business owners looking to capitalize on its versatility. 2 One-Bedroom Apartments on the main level, each with individual entrances and washrooms for maximum privacy and convenience. Upper-Level 2-Bedroom Apartment with an open-concept living area, providing ample space and modern living. The building includes designated areas for potential retail or commercial use on the main floor, which could easily be converted back for business purposes or a combination of both. Excellent road exposure for high visibility. Ample parking for residents and commercial customers. Steps away from Lake Scugog, and within walking distance to Port Perry shopping, hospital, and casino. A bonus .417 acre lot behind the property provides additional space for storage or the possibility to build another dwelling (subject to zoning regulations).The property is serviced by septic and well ideal for cost-effective operations. This property offers endless potential for a variety of uses in a highly sought-after area of Port Perry. Whether you're looking to expand your business or create a multi-functional residential/commercial space, this property is ready to accommodate your vision. Don't miss out on this opportunity book a viewing today! *Photos To Follow* **EXTRAS** 2 PIN numbers associated with this property: 267670020 & 267670152 (89X200) Vacant Lot
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $49,995 $99,990 $149,985 $199,980
First Mortgage $949,905 $899,910 $849,915 $799,920
CMHC/GE $26,122.39 $17,998.2 $14,873.51 $0
Total Financing $976,027.39 $917,908.2 $864,788.51 $799,920
Monthly P&I $4,180.25 $3,931.33 $3,703.82 $3,426
Expenses $0 $0 $0 $0
Total Payment $4,180.25 $3,931.33 $3,703.82 $3,426
Income Required $156,759.36 $147,424.86 $138,893.33 $128,474.83

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REVEL REALTY INC.

16121 Island Road , Scugog, L9L 1B4, Durham


 
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Type: Com - Commercial Retail
Area: Durham
Municipality: Scugog
Neighbourhood: Rural Scugog
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Lot Size: 0.32 x 0.00(Acres)
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Tax: $6,800
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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