$450,000
Available - For Sale
Listing ID: N9367875
240 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 with a stable tenant,a beautiful two bedroom apartment on the second floor and a one bedroom at the rear of the building.Current Net Income is $2,512.31. Mortgage estimated at $1,950.26. That is $562.05 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.Reasons to buy this property: 1). Income from three sources. 2). Large footprint on main street. 3). Cash Flow Positive. 4). Proximity to HWY 400 (6 mins approx.). 5). Over 6.5% Cap Rate. |
| Price | $450,000 |
| Taxes: | $2833.59 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 240 Barrie St , Essa, L0L 2N0, Ontario |
| Postal Code: | L0L 2N0 |
| Province/State: | Ontario |
| Legal Description: | PT LT 13, RCP 1332 , PART 1 , 51R14414; |
| Lot Size: | 36.66 x 202.90 (Feet) |
| Directions/Cross Streets: | Barrie St. & Robert St. |
| Category: | Multi-Use |
| Building Percentage: | Y |
| Total Area: | 3000.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 631 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Rec Centre |
| Financial Statement: | Y |
| Franchise: | N |
| Taxes Expense: | $2834 |
| Insurance Expense: | $3630 |
| Gross Income/Sales: | $43248 |
| Net Income Before Debt: | $30148 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | N |
| Heat Type: | Elec Forced Air |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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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 - Commercial/Retail |
| Area: | Simcoe |
| Municipality: | Essa |
| Neighbourhood: | Thornton |
| Lot Size: | 36.66 x 202.90(Feet) |
| Tax: | $2,833.59 |
| Maintenance Fee: | $1,750 |
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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
