187 Main Street S Mount Forest, Ontario N0G 2L0
$2,499,000
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 $159,600 per year. There is ample opportunity for future expansion or an addition on this 1 acre lot. Property management contract may be assumed. (id:42639)
Property Details
| MLS® Number | 40061258 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Place Of Worship, Playground, Schools, Shopping |
| Communication Type | High Speed Internet |
| Community Features | Community Centre |
| Equipment Type | None |
| Features | Double Width Or More Driveway, Paved Driveway, Crushed Stone Driveway |
| Parking Space Total | 50 |
| Rental Equipment Type | None |
Building
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1900 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Monitored Alarm, Smoke Detectors, Alarm System, Security System |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air, Hot Water Radiator Heat |
| Stories Total | 2 |
| Size Interior | 15000 |
| Utility Water | Municipal Water |
Parking
| Gravel |
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/22766481/187-main-street-s-mount-forest
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February 12 2021 09:03:32
