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$1,050,000
Available - For Sale
Listing ID: X8477432
Investors, take note of this incredible opportunity presented by a commercial/residential building! Located in a prime spot near the downtown core, this property in the thriving Town of Strathroy holds immense potential. Boasting nearly 6000 sq ft of commercial space and 12 parking spaces, it offers a significant advantage for those looking to own an income-generating property. The main floor features 12 ft ceilings with fire-rated drywall and is currently operating as a restaurant. However, it can easily be transformed into a personal care service, pharmacy, medical clinic, club, event hall, and more. Constructed approximately 18 years ago, the property also includes a separate entrance leading to a 2100 sq ft apartment. This apartment comprises 4 bedrooms, 2 baths, a living room, updated flooring, its own heating and cooling system, and a spacious patio that has the potential to generate $2800 to $3000 per month. With two separate entrances on the main floor, there is even an opportunity to partition a section of the building for additional income potential. Additional features of the property include an 8 x 14 walk-in cooler, ample storage, all-new electrical wiring (3 phase 120V/208V), and a split A/C-heat pump system that serves the main floor. For more information, please reach out to me directly.
Price $1,050,000
Taxes: $6,600
Tax Type: Annual
Assessment: $331000
Assessment Year: 2024
Occupancy by: Owner
Address: 65 MAITLAND Terr , Strathroy-Caradoc, N7G 1L2, Ontario
Postal Code: N7G 1L2
Province/State: Ontario
Legal Description: LT 97, 34PL104 ; STRATHROY
Lot Size: 66.17 x 132.34 (Feet)
Directions/Cross Streets: Caradoc St S
Zoning: C-1
Category: With Property
Use: Restaurant
Total Area: 7,463
Total Area Code:  Sq Ft
Office/Appartment Area: 2106
Office/Appartment Area Code: Sq Ft
Retail Area: 5357
Retail Area Code: Sq Ft
Approximatly Age: 31-50
Financial Statement: N
Chattels: N
Franchise: N
Hours Open: 0
Employees #: 0
Seats: 60
LLBO: N
Outside Storage: Y
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
BLUE FOREST REALTY INC.

65 MAITLAND Terr , Strathroy-Caradoc, N7G 1L2, Ontario


 
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Type: Com - Sale Of Business
Area: Middlesex
Municipality: Strathroy-Caradoc
Neighbourhood: SW
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Lot Size: 66.17 x 132.34(Feet)
Approximate Age: 31-50
Tax: $6,600
Maintenance Fee: $0
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