5159 sqft
$1,399,000
Discover a hassle-free investment opportunity with this 2022-built property, generating nearly $100k in annual rental income with a 6.25% cap rate! This property features one commercial unit and three luxury residential units, each offering 2 bedrooms and 1 bath. The residential units boast high-end finishes and upgrades, including quartz countertops, ceramic tile flooring and shower, his and her sinks, cheater ensuites, and stainless steel appliances including dishwashers. Each unit also includes a full-size, stacked washer and dryer. Tenants enjoy separate utilities with individual meters, ensuring ease of management. The commercial unit faces the busy 7/8 Highway between Kitchener and Stratford, providing excellent visibility. Whether you're looking to add to your portfolio or make your money work for you, this property is a standout choice. (id:55009)
Property Details
MLS® Number
|
40633539 |
Property Type
|
Office |
Amenities Near By
|
Schools |
Building
Basement Type
|
Full |
Constructed Date
|
2022 |
Exterior Finish
|
Stone, Stucco |
Foundation Type
|
Poured Concrete |
Stories Total
|
3 |
Size Exterior
|
5159.0000 |
Size Interior
|
5159 Sqft |
Utility Water
|
Municipal Water |
Land
Access Type
|
Road Access |
Acreage
|
No |
Land Amenities
|
Schools |
Sewer
|
Municipal Sewage System |
Size Frontage
|
103 Ft |
Size Total Text
|
Under 1/2 Acre |
Zoning Description
|
C1 |
Utilities
Electricity
|
Available |
Natural Gas
|
Available |
Telephone
|
Available |
https://www.realtor.ca/real-estate/27305813/2236-line-34-shakespeare