350 ST PHILLIPE Street For Sale

Alfred and Plantagenet, 609 - Alfred, K0B 1A0

$449,000

Description

Listed by POWER MARKETING REAL ESTATE INC..

Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000, (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now!

Location

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  • Address: 350 ST PHILLIPE Street
  • Neighborhood: 609 - Alfred
  • City: Alfred and Plantagenet
  • State: Ontario
  • Postal Code: K0B 1A0

Property Details

  • Property ID: X12014334
  • Property Price: $449,000
  • Style: Fourplex, 2-Storey
  • Parking Spaces: 6
  • Basement: Finished, Full
  • Central Vac.: N
  • Den: N
  • Exterior: Brick, Other
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $3,400.00 (2024)
  • Lot: 63.00x87.00 (Feet) - 0

Property History

This property has been sold 3 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100