5301 Nauvoo Road
Warwick, N0M 2S0
FOR SALE
$499,000

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Store W Apt/Office
CATEGORY2,800 Sq Ft
TOTAL AREAX11912047
MLSIDContact Us
Property Description
New low asking price of $499,00.00 for a quick sale by a motivated seller. A commercial/residential investment opportunity awaits you in downtown Watford. This building has double access from Nauvoo Road (Main Street) or at the rear of the building. The main floor has a commercial take-out restaurant up front, with a spacious one-bedroom apartment at the rear. The second floor consists of two, one-bedroom apartments. All units have had extensive interior renovations recently. These four units are all rented with high-value rent, showing an impressive Cap Rate of 8%. The tenants pay the hydro, heat, water, and tenant liability insurance. High-speed unlimited fibre optic internet is available at the tenants cost. Note: the low property taxes of $928.00. This building is a turnkey operation and is a perfect investment opportunity for you. Just take over as an investment or live in one unit yourself and let the tenants pay the mortgage. Professional property management for this building can be arranged. **EXTRAS** Plenty of parking at the rear or on the street and across the street in the public lot. In an effort not to disturb the tenants, please view the interior pictures provided, taken after renovations , with this listing.
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Property Details
Address
5301 Nauvoo Road
Community
City
Postal Code
N0M 2S0
Property Type
Store W Apt/Office, Store W Apt/Office
Use
Store With Apt/Office
Zoning
C1 1
Lot Size
22' x 132'
Total Area
2,800 Sq Ft
Office Area
2,440 Sq Ft
Retail Area
360 Sq Ft
Taxes
$928 (2024
Heat Type
Baseboard
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Shanahan Realty Inc.
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