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22 Marie Street South River, Ontario P0A 1X0

None Baseboard Heaters

$475,000

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:41709)

Property Details

MLS® Number 40047413
Property Type Other
Amenities Near By Playground, Shopping
Communication Type High Speed Internet
Community Features High Traffic Area
Features Corner Site, Visual Exposure, Paved Driveway
Parking Space Total 14

Building

Basement Type None
Cooling Type None
Exterior Finish Brick
Heating Type Baseboard Heaters
Stories Total 2
Size Exterior 6800.0000
Utility Water Municipal Water

Land

Access Type Road Access, Highway Access
Acreage No
Land Amenities Playground, Shopping
Sewer Septic System
Size Depth 132 Ft
Size Frontage 139 Ft
Size Total Text Under 1/2 Acre
Zoning Description Commercial/residential

Utilities

DSL* Available
Electricity Available
Telephone Available

https://www.realtor.ca/real-estate/22640384/22-marie-street-south-river

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Dylan Jarvis
Salesperson

(705) 783-0170
(705) 733-2200

Keller Williams Experience Realty Brokerage
516 Bryne Drive, Unit I
Barrie, Ontario L4N 9P6

(705) 720-2200
(705) 733-2200

Lisa Dewey
Salesperson

(416) 986-8706
(705) 733-2200

Keller Williams Experience Realty Brokerage
516 Bryne Drive, Unit J
Barrie, Ontario L4N 9P6

(705) 720-2200
(705) 733-2200

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