$450,000
Available - For Sale
Listing ID: N9365986
242 Barrie St , Essa, L0L 2N0, Ontario
| Are you looking for a way to beat the market? Interest rates are dropping everyday. Unlike the majority of other properties on the market, this one actually cash flows. This is a phenomenal opportunity to own a piece of commercial real estate with not 1, not 2, but 3 sources of income! This property features a large commercial space on the ground floor, a generously sized one bedroom apartment on the second floor and a commercial garage at the rear of the property. This property also owns the laneway at the rear of the lot, providing a second entrance, a very attractive feature when considering future development. Current Net Income is $2,527.31. Mortgage estimated at $1,950.26. That is $577.05 positive cash flow every month. These calculations are based on a 4.25% interest rate and a 20% down payment. As rates drop the cash flow will increase. Do not let this opportunity slip through your fingers. With rates dropping this property only becomes more and more attractive every day. |
| Price | $450,000 |
| Taxes: | $1834.06 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 242 Barrie St , Essa, L0L 2N0, Ontario |
| Postal Code: | L0L 2N0 |
| Province/State: | Ontario |
| Legal Description: | PT LT 15 RCP 1332 PT 2 51R33261, T/W EAS |
| Lot Size: | 30.99 x 202.90 (Feet) |
| Directions/Cross Streets: | County Rd. 27 & Robert St. |
| Category: | Store With Apt/Office |
| Building Percentage: | Y |
| Total Area: | 2808.44 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 1109 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 1109 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Taxes Expense: | $1834 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | N |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | N |
| Water: | Well |
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Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| IPRO REALTY LTD. |
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The Bhangoo Group
ReSale & PreSale
Bus:
905-783-1000
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At a Glance:
| Type: | Com - Store W/Apt/Office |
| Area: | Simcoe |
| Municipality: | Essa |
| Neighbourhood: | Thornton |
| Lot Size: | 30.99 x 202.90(Feet) |
| Approximate Age: | 100+ |
| Tax: | $1,834.06 |
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Payment Calculator:
Avtar Bhangoo
Broker a.bhangoo@yahoo.com NSD, Brokerage Independently owned and operated. 1 Gateway Blvd Suite #200, Brampton , Ontario L6T0G3 Office: 905-783-1000 Cell: 416-618-0119
Aman Bhangoo
Broker a.bhangoo@yahoo.com NSD, Brokerage Independently owned and operated. 1 Gateway Blvd Suite #200, Brampton , Ontario L6T0G3 Office: 905-783-1000 Cell: 647-407-9500
