$799,000
Status: For Sale
INVESTMENT DREAM. A RARE CHANCE TO GET INTO OWNERSHIP. Vendor FINANCE Available for the right person! Perfect Live/Work Space &/or Income Property. Downtown Commercial/Residential Mixed-use Condo. 2 Units on 1 Level 2 Parking Spaces. Front Unit Commercial Storefront faces Main Street in Boutique Downtown. 2050 SqFt Former Spa/Salon & Retail w/ Big Storefront Windows, 5 Treatment Rms or Offices. Reception & Merchandise Area, 2Bath, 2 Steam Showers, 3 entrances. *Commercial Unit Currently vacant* Residential Condo is beside on Ground floor also and is 1495 Sq Ft 2Br +Den 2Bath w/ South Facing Patio Rented at $2700/Mo.Res Tenant on 2nd term of Month to Month lease pays $2700/m +Heat & Hydro Owner pays Res Taxes, Res Condo fee. Condo fee includes: Bldg Insur., Water, Common Elements, Reserve fund. Solid investment w/ approx. 5.4% Cap Rate (before debt service) once front Commercial is Tenanted. A Rare chance to invest w/ Financing Available from Vendor.
Price | :$799,000 |
Property Taxes | :$10603.00 |
Tax Year | :2023 |
Cross Street | :Third And King St W |
Fireplace/Stove | :No |
06 Apr, 2024
TREB #X7370540
Available
$799000.0
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79 King St W is an ideal solution for individuals, business owners and entrepreneurs seeking commercial space tailored to their specific requirements. Corporates, small business owners and individuals alike will appreciate this 79 King St W with a highly strategic location at the K9A 2M4 in Ontario. Working out of this spacious commercial property in Canada will ensure higher productivity, greater wellbeing of employees/workers and highly convenient access points all around.
79 King St W offers approx. square footage with ample provisions for quality infrastructure and amenities for the workplace. Check the X7370540 carefully along with the project before checking out how it compares to similar Commercial situated nearby. Enjoy the benefits of reasonable 10603.00 and an attractive 799,000 while getting several vibrant Cobourg benefits at the same time.
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