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$450,000
Available - For Sale
Listing ID: N9367875
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 with a stable tenant,a beautiful two bedroom apartment on the second floor and a one bedroom at the rear of the building.Current Net Income is $2,512.31. Mortgage estimated at $1,950.26. That is $562.05 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.Reasons to buy this property: 1). Income from three sources. 2). Large footprint on main street. 3). Cash Flow Positive. 4). Proximity to HWY 400 (6 mins approx.). 5). Over 6.5% Cap Rate.
Price $450,000
Taxes: $2,833.59
Tax Type: Annual
Occupancy by: Tenant
Address: 240 Barrie St , Essa, L0L 2N0, Ontario
Postal Code: L0L 2N0
Province/State: Ontario
Legal Description: PT LT 13, RCP 1332 , PART 1 , 51R14414;
Lot Size: 36.66 x 202.9 (Feet)
Directions/Cross Streets: Barrie St. & Robert St.
Zoning: Core Commercial
Category: Multi-Use
Building Percentage: Y
Total Area: 3,000
Total Area Code:  Sq Ft
Retail Area: 631
Retail Area Code: Sq Ft
Area Influences: Major Highway   Rec Centre
Financial Statement: Y
Franchise: N
Taxes Expense: $2834
Insurance Expense: $3630
Maintenance: 1,750
Gross Income/Sales: $43248
Net Income Before Debt: $30148
Year Expenses: 2023
Expenses Actual/Estimated: $Act
Sprinklers: N
Heat Type: Elec Forced Air
Central Air Conditioning: Y
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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CMHC/GE $ $ $ $
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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.

240 Barrie St , Essa, L0L 2N0, Ontario


 
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At a Glance:
Type: Com - Commercial/Retail
Area: Simcoe
Municipality: Essa
Neighbourhood: Thornton
Style:
Lot Size: 36.66 x 202.90(Feet)
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Tax: $2,833.59
Maintenance Fee: $1,750
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