29 Alice Street Waterford, Ontario N0E 1Y0
$1,500,000
Premium Commercial/Residential building located in heart of Waterfords downtown business core. Offers excellent visual exposure incs hi-volume of pedestrian & vehicular traffic - short walk to amenities, eateries + Waterford Lakes. 20 min/Brantford & 403 - 90 mins/GTA. The building was completely reconstructed in 1979/80 - from the basement up - as a result of Tornado damage. Introduces aprox. 5776sf (above grade sqft) + full functional/dry basement comprised of 3 units w/rear access. MAIN LEVEL incs renovated Commercial Street facing Unit rented $1800 p/mnth (all inclusive). Rear MAIN LEVEL ftrs stylishly remodeled owner occupied Residential Unit w/1.5 baths, large principal rooms & 9 ceilings - $1500 p/mnth projected income (enough space for possibly 2 units). 4 UPPER LEVEL Residential Units (Tenants pay utilities)-all units units inc separate aqua-therm furnaces, hydro & gas meters. UNIT #1 - 2 bedrm/$1200 p/mnth, UNIT #2 - 2bedrm/715 p/mnth, UNIT #3 - 2 bedrm/$850 p/mnth, UNIT #4 - 1 bedrm/$785 p/mnth. List price CAP RATE-3.5 / projected (if owners unit is rented) CAP RATE-4.7. Extras inc new roof covering-2018, rear paved parking for 5 vehicles, adjacent paved parking lot w/2 street entrances, street parking, 4 n/g water heaters fueling aqua-therm furnaces-2018. Suitable for the move-in one unit & let rental income cover the mortgage scenario - or ideal for wise Investor who can appreciate the quality of this solid building. Offers Anytime w/48 hr irrevocable. (id:47723)
Property Details
| MLS® Number | H4136727 |
| Property Type | Retail |
| Parking Space Total | 5 |
Building
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Cooling Type | Air Conditioned |
| Fire Protection | Smoke Detectors |
| Heating Type | Forced Air, Other |
| Size Exterior | 5776 Sqft |
| Size Interior | 5776 Sqft |
| Type | Commercial Mix |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Frontage | 46 Ft |
| Size Irregular | 0.08 Acres |
| Size Total Text | 0.08 Acres|under 1/2 Acre |
https://www.realtor.ca/real-estate/24493193/29-alice-street-waterford
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August 02 2022 04:10:13
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.