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Description
INVESTOR'S DREAM!! Vendor FINANCE offering 7% IR w/ 25% down. Perfect Live/Work Space & Income property in Downtown Commercial/Residential Mixed-use Condo. 2 Units on 1 Level (front & back) 2 Parking Spaces. Front is Commercial Storefront on Main Street in Boutique Downtown. 2050 Sq Ft Former Spa/S...alon now Retail w/ Big Storefront Windows, 5 Treatment Rms/Prof./Med Offices. Reception & Merchandise Area, 2Bath, 2 Steam Showers, 3 entrances. Res. Condo in back is stylish1495 Sq Ft 2Br +Den 2Bath w/ South Facing Patio Rented at $2700/Mo. Income/Expenses Avail. Modern Character Bldg. Res Tenant on 2nd term of Month to Month lease pays $2700/m+Heat/Hydro. Comm Tenant on 5YR Lease pays $4047.31 (includes Base Rent+Condo Fee+Property Taxes +HST) Owner pays Res Taxes, Res Condo fee. Condo fee includes: Bldg Insur., Water, Common Elements, Reserve fund. Solid investment w/ approx. 4.8% Cap Rate (before debt service) Incredible chance to invest with Financing now Available from Vendor! **** Extras **** Comm Unit: Exposed Brick Wall, Artisan Trim, Tilework. Residential Unit: Wood Laminate flooring. Glass block. SS Appliances. Primary Ensuite Bath w/ Sep Shower/Tub.Walk-In closet. Fr Drs to Patio. (Some photos from previous Spa tenant)
