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187 Main Street S Mount Forest, Ontario N0G 2L0

Central Air Conditioning Boiler, Forced Air, Hot Water Radiator Heat

$1,998,000

This property offers an excellent rate of return for a sound, passive investment. This building contains 12 residential units and one commercial unit. All units have been completely updated and refurbished within the last year as have the electrical, plumbing and heating systems. The entire building has a new, monitored fire/smoke/security alarm system. The residential portion has a controlled entry system. Commercial unit pays all property operating expenses; heating, electricity, property & liability insurance, property taxes and yard/lot maintenance. Commercial tenant is on a 5 year lease with option to renew for 5 years. Gross and net incomes are $169,000 per year. There is ample opportunity for future expansion or an addition on this 1 acre lot. Property management contract may be assumed. Motivated Seller. (id:43978)

Property Details

MLS® Number 40061738
Property Type Other
Amenities Near By Hospital, Place Of Worship, Playground, Schools, Shopping
Communication Type High Speed Internet
Community Features Community Centre
Features Paved Driveway, Crushed Stone Driveway
Parking Space Total 50
Sign Type None

Building

Appliances Water Softener
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1900
Construction Material Wood Frame
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Wood
Fire Protection Monitored Alarm, Smoke Detectors, Alarm System, Security System
Flooring Type Carpeted, Laminate, Linoleum
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Boiler, Forced Air, Hot Water Radiator Heat
Stories Total 2
Size Exterior 15000.0000
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Hospital, Place Of Worship, Playground, Schools, Shopping
Sewer Municipal Sewage System
Size Frontage 139 Ft
Size Irregular 0.996
Size Total 0.996 Ac|1/2 - 1.99 Acres
Size Total Text 0.996 Ac|1/2 - 1.99 Acres
Zoning Description C1

Utilities

Cable Available
DSL* Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/22771122/187-main-street-s-mount-forest

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