INVESTORS - TAKE A CLOSER LOOK AT THE NUMBERS. This mixed-use property in the heart of Teeswater combines immediate residential income with significant commercial upside. Four residential apartments are fully occupied, generating $6,000 per month / $72,000 per year in current gross rental income. The approximately 2,500 sq. ft. commercial component offers the opportunity to generate an additional $30,000 annually when fully leased, bringing potential total gross income to approximately $102,000 per year. At the current asking price of $549,000, that's a compelling income opportunity. The commercial space is being offered at $7.00/sq. ft. plus approximately $5.00/sq. ft. TMI and may also appeal to an owner/operator looking to run a business while the four apartments help carry the property. Approximately 5,000 sq. ft. in total with C1 zoning and a prominent Clinton Street location. Buy the existing income and unlock the commercial potential. (id:61499)
| MLS® Number | X13721288 |
| Property Type | Retail |
| Community Name | South Bruce |
| AmenitiesNearBy | Highway |
| ParkingSpaceTotal | 2 |
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Hot Water Radiator Heat, Forced Air, Radiant Heat, Radiator |
| SizeExterior | 5000 Sqft |
| SizeInterior | 5000 Sqft |
| Type | Residential Commercial Mix |
| UtilityWater | Municipal Water |
| Acreage | Yes |
| LandAmenities | Highway |
| SizeDepth | 132 Ft |
| SizeFrontage | 42 Ft |
| SizeIrregular | 5000 |
| SizeTotal | 5000 Ac |
| SizeTotalText | 5000 Ac |
| ZoningDescription | C1 |
https://www.realtor.ca/real-estate/30207905/14-clinton-street-s-south-bruce-south-bruce
Contact us for more information
Perry Caskanette
Salesperson
Compare listings
Compare