LOADING

270 George Street Arthur, Ontario N0G 1A0

2795 sqft
Central Air Conditioning Forced Air

$989,000

Live and Work Opportunity! Unique 5-unit property with a commercial unit, 4 residential units, and an attached garage. Rebuilt from foundation in 2022. Two-bedroom unit with open concept and large balcony, 1-bedroom units, and a bachelor unit. All units occupied by the seller and family, available vacant. Rare 8% cap rate, cashflow of $1500/month. No rent control as units built after 2018. Incredible return on investment in growing Arthur market. Financials available. Although there are no seperate meters, there are seperate electrical panels so creating seperate hydro meters can be done by the buyer. Financials in supplements and can be provided. All units vacant/owner occupied and vacant possession will be at closing. Seller financing may be available. (id:49454)

Property Details

MLS® Number 40595161
Property Type Multi-family
AmenitiesNearBy Schools, Shopping
CommunityFeatures Community Centre
Features Paved Driveway
ParkingSpaceTotal 9

Building

Appliances Central Vacuum
BasementDevelopment Unfinished
BasementType Crawl Space (unfinished)
CoolingType Central Air Conditioning
ExteriorFinish Brick, Vinyl Siding
FoundationType Poured Concrete
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 2795 Sqft
UtilityWater Municipal Water

Parking

Detached Garage

Land

AccessType Highway Access
Acreage No
LandAmenities Schools, Shopping
Sewer Municipal Sewage System
SizeFrontage 62 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription R5

https://www.realtor.ca/real-estate/27012991/270-george-street-arthur