Excellent mixed-use investment opportunity in the heart of downtown Walkerton. This income-producing property features three street-level commercial units and two residential apartments, offering stable income with additional upside through one vacant commercial unit ready for lease or owner occupancy. At the current asking price, the property offers an approximate 8% cap rate based on existing income and expenses. Each commercial unit has its own hydro meter, electric heat, hot water heater, and private washroom. The residential component includes a tenanted one-bedroom main-floor apartment and a tenanted three-bedroom second-floor apartment, both with in-suite laundry. A solid investment opportunity with immediate cash flow and future growth potential. (id:61499)
| BusinessType | Retail and Wholesale |
| BusinessSubType | Retail misc. |
| MLS® Number | X13514700 |
| Property Type | Retail |
| Community Name | Brockton |
| EquipmentType | Water Heater |
| Features | Irregular Lot Size |
| RentalEquipmentType | Water Heater |
| Appliances | Dryer, Microwave, Water Heater, Two Washers |
| CoolingType | None |
| HeatingType | Baseboard Heaters |
| SizeExterior | 2606 Sqft |
| SizeInterior | 2606 Sqft |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 94 Ft ,1 In |
| SizeFrontage | 64 Ft ,10 In |
| SizeIrregular | 0.107 |
| SizeTotal | 0.107 Ac |
| SizeTotalText | 0.107 Ac |
| ZoningDescription | C3 |
https://www.realtor.ca/real-estate/29980775/114-durham-street-e-brockton-brockton
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Jeremy Ellis
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Neil Kirstine
Salesperson
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