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46 Queen Street W Elmvale, Ontario L0L 1P0

7 Bedroom 6 Bathroom 4800
Other, Radiant Heat

$1,386,400

Sutton Incentive Realty Inc., Brokerage is pleased to present this fully occupied Residential 4 Plex plus Commercial (Restaurant) unit on Ground Floor. The building features 4 brand new Residential units that were constructed as part of a full renovation to the building. Each residential unit is NEW including individual hydro meters and heated by a natural gas boiler system to delivery radiant heat. The lower restaurant unit is currently having a new fire and sound rated ceiling installed at a cost of $40K to the current owner. The Hood & Suppression System, Commercial Dishwasher and the Commercial walk-in fridge are all Fixtures that belong to the building/LL (all other kitchen equipment is the property of the Tenant). Other improvements to the building include but are not limited too, a new Roof, new electrical, new plumbing, new insulation, new emergency exit staircase, new fire rated ceiling, and new coin operated laundry. Plus much more including potential for 5th apartment unit by converting existing garage into a new unit!! This will certainly improve the cap rate. Elmvale has a growing population. The main library is across the street. Main Highschool is approx 500M south of the subject property. There is a large amount of surface parking directly across the street. Plus the property is located along a busy alternative route to Wasaga Beach and cottage country. Lots of possibilities should a potential buyer want to convert the restaurant into perhaps a dispensary or high end coffee shop or something else! The total cost of all current renovations is approx $400,000. Restaurant is on NET LEASE. *LA IS RELATED TO SELLER. Ask LA for Financial Statement. (id:41709)

Property Details

MLS® Number 40058534
Property Type Multi-family
Amenities Near By Playground, Schools
Communication Type High Speed Internet
Community Features High Traffic Area
Features Southern Exposure, Visual Exposure, Laundry- Coin Operated

Building

Bathroom Total 6
Bedrooms Total 7
Basement Development Unfinished
Basement Type Partial (unfinished)
Construction Material Concrete Block, Concrete Walls
Construction Style Attachment Detached
Exterior Finish Brick, Concrete
Fire Protection Smoke Detectors
Heating Type Other, Radiant Heat
Stories Total 2
Size Interior 4800
Utility Water Municipal Water

Land

Acreage No
Land Amenities Playground, Schools
Sewer Municipal Sewage System
Size Frontage 24 Ft
Size Total Text Under 1/2 Acre
Zoning Description Commercial

Utilities

Cable Available
DSL* Available
Electricity Available
Natural Gas Available

https://www.realtor.ca/real-estate/22739273/46-queen-street-w-elmvale

Interested?

Contact us for more information


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Phillip Moore
Salesperson

(705) 737-6526
(705) 739-1330

Sutton Group Incentive Realty Inc. Brokerage
1000 Innisfil Beach Road
Innisfil, Ontario L9S 2B5

(705) 739-1300
(705) 739-1330
www.suttonincentive.com

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