6610 Fourth Line Road North Gower, Ontario K0A 2T0
$1,650,000
Here's an incredible opportunity to own a well diversified, mix use turnkey rental property. Despite the fact that this property is not operating at full capacity, this property is still generating a very healthy revenue. This property boasts, 4 tasteful and spacious residential rental properties (one of which is a single family home attached to the main building), one beautiful turnkey commercial retail unit, 3 separate bays offering a combined approx. 3,000 square feet of storage rental space and a huge lot with ample parking for tenants, employees, customers and anyone who may want to rent parking spaces. The building has enjoyed some amazing long-term tenants which means rents have a ton of room to improve which makes any future refinance a dream as value will drastically increase once those rents turnover but the upside is not priced in! To make this deal sweeter, it sits on a huge lot on one of the best streets in the area which means, great future development opportunity! (id:47723)
Property Details
| MLS® Number | 1303306 |
| Property Type | Multi-family |
| Neigbourhood | North gower |
| Parking Space Total | 10 |
Building
| Constructed Date | 1967 |
| Exterior Finish | Brick, Siding |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Utility Water | Drilled Well |
Land
| Acreage | No |
| Size Depth | 122 Ft ,2 In |
| Size Frontage | 166 Ft ,8 In |
| Size Irregular | 166.64 Ft X 122.17 Ft |
| Size Total Text | 166.64 Ft X 122.17 Ft |
| Zoning Description | Commercial |
https://www.realtor.ca/real-estate/24642697/6610-fourth-line-road-north-gower-north-gower
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August 23 2022 04:11:54
Ottawa Real Estate Board
RE/MAX Affiliates Realty Ltd.