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$450,000
Available - For Sale
Listing ID: N9365986
Are you looking for a way to beat the market? Interest rates are dropping everyday. Unlike the majority of other properties on the market, this one actually cash flows. This is a phenomenal opportunity to own a piece of commercial real estate with not 1, not 2, but 3 sources of income! This property features a large commercial space on the ground floor, a generously sized one bedroom apartment on the second floor and a commercial garage at the rear of the property. This property also owns the laneway at the rear of the lot, providing a second entrance, a very attractive feature when considering future development. Current Net Income is $2,527.31. Mortgage estimated at $1,950.26. That is $577.05 positive cash flow every month. These calculations are based on a 4.25% interest rate and a 20% down payment. As rates drop the cash flow will increase. Do not let this opportunity slip through your fingers. With rates dropping this property only becomes more and more attractive every day.
Price $450,000
Taxes: $1,834.06
Tax Type: Annual
Occupancy by: Tenant
Address: 242 Barrie St , Essa, L0L 2N0, Ontario
Postal Code: L0L 2N0
Province/State: Ontario
Legal Description: PT LT 15 RCP 1332 PT 2 51R33261, T/W EAS
Lot Size: 30.99 x 202.9 (Feet)
Directions/Cross Streets: County Rd. 27 & Robert St.
Zoning: Core Commercial
Category: Store With Apt/Office
Building Percentage: Y
Total Area: 2,808.44
Total Area Code:  Sq Ft
Office/Appartment Area: 1109
Office/Appartment Area Code: Sq Ft
Retail Area: 1109
Retail Area Code: Sq Ft
Approximatly Age: 100+
Taxes Expense: $1834
Expenses Actual/Estimated: $Act
Sprinklers: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: N
Water: Well
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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.
IPRO REALTY LTD.

242 Barrie St , Essa, L0L 2N0, Ontario


 
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At a Glance:
Type: Com - Store W/Apt/Office
Area: Simcoe
Municipality: Essa
Neighbourhood: Thornton
Style:
Lot Size: 30.99 x 202.90(Feet)
Approximate Age: 100+
Tax: $1,834.06
Maintenance Fee: $0
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