Address
22 MARIE Street South River, ON
Price
$ 475,000
Property Attributes
  • ML#40047413
  • TypeSingle Family
  • CitySouth River
  • Postal CodeP0A 1X0
  • Style
  • Price$ 475,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Keller Williams Experience Realty Brokerage
Property Description

Great investment opportunity in the heart of South River with great corner lot exposure from Highway 124. Operate your own business and have living quarters or have 6 rental incomes. 2 commercial units on the main floor, one 2-bedroom on main floor and three 2-bedroom apartments on the 2nd floor. Apartments rent for $500-$600/month plus tenants pay heat/hydro. Tenants are all in good-standing and would all like to stay. Some have been there 30+ and 10+ years. 2019 numbers were over $54,000 in rental income and netting approximately $40,000 after expenses. As of November 2020, the 2 commercial units on the main floor were combined to form the Guardian Pharmacy which has moved out but was generating $27,600 income. 1800 sq. ft. space in the former library downstairs - could be converted to apartments or rent as retail space. Men/women washrooms adjacent to former library. All units have separate hydro meters. Owner pays water, heat/hydro for common areas and library area. Don't miss your chance to own this multi-unit commercial property with great income! (id:7434)

General Features

Ammenities Playground, Shopping
Building Cooling Type None
Community Features High Traffic Area
Features Corner Site, Visual exposure, Paved driveway
Location Description Exit 282 from Highway 11 to South River, through lights, first right after the lights onto Marie Street. On left hand side.
More Information Link https://www.realtor.ca/real-estate/22640384/22-marie-street-south-river
Property Type Other
Zoning Description Commercial/Residential

Interior Features

Basement Type None
Building Fireplace Present False
Building Heating Type Baseboard heaters

Exterior Features

Exterior Finish Brick
Land Amenities Playground, Shopping
Parking Space Total 14
Sewer Septic System

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


The listing data displayed is deemed reliable but is not guaranteed accurate by CREA®. Data last updated on January 19, 2021 1:05 AM UTC The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Data last updated on January 19, 2021 1:05 AM UTC The trademarks REALTOR®, REALTORS®; and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA®) and identify real estate professionals who are members of CREA®. Used under license. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA®) and identify the quality of services provided by real estate professionals who are members of CREA®

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Property vs Postal Code Average in P0A 1X0

Price
AVG $980K
$480K
Visits
AVG 27
5