51 KING Ingersoll Ontario N5C 1G6

For Sale | Commercial Sale
$649,900.00
Unknown sq ft
MLS#
if(Excellent cash flow property - renovated building and currently residential units leased, main level commercial zoned EC-6 and upper 2 levels - residential -2 separate one bedroom units, zoned R2. Residential part has brand new electrical (ESA inspection available in forms), plumbing, windows, and doors, kitchen, and bathrooms. The commercial part has been refurbished and has new stone building/store face and high grade aluminum windows and doors. The back part of the commercial space has rubber flat roofing (2019) with commercial hood with fire suppression that was certified and passed the electrical, health and fire code in 2019. Projected income and expenses: Residential top unit rented for $1,350/m + Hydro, second unit rented for $1,350 all inclusive, water and gas $200/m average for whole residential part, insurance estimate quote for $950/y per entire building, taxes $2,838.22/y. Commercial unit is in process of being leased for $2,500/m + utilities. Total projected gross income: $62,400/y. Total projected expenses $7,348.22/year per entire building. Net income: $55,051.78/y. Projected cap rate almost 8% != null) {

Description

Excellent cash flow property - renovated building and currently residential units leased, main level commercial zoned EC-6 and upper 2 levels - residential -2 separate one bedroom units, zoned R2. Residential part has brand new electrical (ESA inspection available in forms), plumbing, windows, and doors, kitchen, and bathrooms. The commercial part has been refurbished and has new stone building/store face and high grade aluminum windows and doors. The back part of the commercial space has rubber flat roofing (2019) with commercial hood with fire suppression that was certified and passed the electrical, health and fire code in 2019. Projected income and expenses: Residential top unit rented for $1,350/m + Hydro, second unit rented for $1,350 all inclusive, water and gas $200/m average for whole residential part, insurance estimate quote for $950/y per entire building, taxes $2,838.22/y. Commercial unit is in process of being leased for $2,500/m + utilities. Total projected gross income: $62,400/y. Total projected expenses $7,348.22/year per entire building. Net income: $55,051.78/y. Projected cap rate almost 8%

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Building

  • Building Name
  • Construction
  • Cooling

Land

  • Zoning
    EC-6 & R2

Location

51 KING Ingersoll Ontario N5C 1G6

Sales Representative

STEFAN BECSKY

Brokerage

AUTHENTIC REAL ESTATE CORPORATION

Price Information

  • Sale Price
    $649,900.00