$989,900 $5,314 est/mo Sourced by Back At You

100 Trafalgar Rd,East Garafraxa, ON L9W

East Garafraxa ON, L9W

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Description

HIGH TRAFFIC, COMMERCIAL INVESTMENT, $6,200 MONTHLY INCOME, 6.4% CAP RATE, AND FULLY RENTED. This prime commercial property, situated on the bustling main thoroughfare of Hillsburgh, represents a stellar investment opportunity. GET IN NOW!! While values are still low, with hundreds of residential homes already approved and underway and hundreds more in the approval process, the population will triple in the next few years, which will only increase an already sound investment. With a secure, long-term anchor tenant on a 15-year lease and 2 fully occupied upstairs residential units, consistent and steady cash flow will be guaranteed, ensuring the prosperity of your investment for years to come. Generating a total monthly income of $6,200 and boasting a cap rate of 6.48%, makes this property a no-brainer for any type of investor. This property is not only financially appealing but has been meticulously updated both structurally and mechanically, with over $150,000 in recent upgrades. The versatility of the C-1 zoning allows for various commercial uses, enhancing its appeal in this high-traffic Trafalgar Road location with ample parking for tenants and customers alike. Additionally, the property includes two updated apartments on the second floor, providing added income potential with little effort and a low vacancy rate due to its popular small-town location. Positioned near a range of amenities including a grocery store, arena, and veterinary clinic, in an area poised for new community developments and population increase, this property offers a unique blend of stability, growth, and convenience, making it a highly attractive option for investors looking to capitalize on Hillsburgh's economic expansion.

Details

MLS#X8334952
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site16
Listing Provided ByRE/MAX ESCARPMENT REALTY INC. | Not Provided

Features

BasementY
ZoningC-1
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 23 minutes ago
ProvinceON
CountyErin
CityEast Garafraxa
Postal CodeL9W
AreaWellington
Community NameHillsburgh
Listing VS Median (in Hillsburgh)
Price:
$989,900
low | high
Med:
$0
On Site:
16
low | high
Med:
Sourced by Back At You
Listing Updated: May 16, 2024 at 4:30:33 PM PDT