For sale

350 St Phillipe Street

$449,000
Alfred And Plantagenet, Ontario, K0B 1A0

Overview

  • Updated On:
  • March 12 2025
  • MLS® Number
  • X12014357

Description

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! (id:57887)

Price:
Price Info:
Property Size: 2100 sqft
Property Type: Retail
Cooling & Heating
Natural gas
Forced air
$ 2,302.11
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,740.86
Size
SizeExterior: 2100 sqft
SizeInterior: 2100 sqft
Utility
UtilityWater: Municipal water
Acreage: No
SizeDepth: 63 Ft
SizeFrontage: 87 Ft
SizeIrregular: Bldg=87 X 63 Ft ; 0
SizeTotalText: Bldg=87 X 63 Ft ; 0
ZoningDescription: Commercial
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