Average square foot calculated using Size range provided by listing agent.
Description
Golden investment opportunity in this beautifully maintained and updated three-unit property near the heart of downtown! With one commercial unit, currently salon, and two residential units this presents grand opportunity. The commercial unit is accessed via a sprawling and attractive covered porch and offers an ideal floorplan for a salon with waiting area and workspace; architectural interest is found in a decorative stone fireplace with built-in shelving and a window seat featuring original stained glass. A half bath completes this unit. Also on the ground level is a one bed/one bath apartment with eat-in kitchen and spacious living room heated and cooled with multiple mini-split units. A two bed/one bath unit spans the second floor with two well sized bedrooms and open-concept living-dining room. Accessed via the upper unit, the attic is partially finished; with the addition of heat and finishing touches could make this unit a marvelous 5 bed! Mini-splits throughout, as well as many replacement windows and the 2011 new roof paired with the low-maintenance and attractive exterior just add to the allure of this property! Based on past rental income and current expenses the Cap Rate is 10.6%. The potential for owner-occupied property is also an attractive option for a business owner to build on the established and successful forty-year salon history, and/or live above the shop with extra rental income!Show Description
MLS® Number762275
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1907
Stories3
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatHeat Pump
A/CCentral Air
Heating Fuel
Extras
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