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29 Alice Street Waterford, Ontario N0E 1Y0

5776 sqft
Air Conditioned Forced Air, Other

$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:42782)

Property Details

MLS® Number H4136727
Property Type Retail
Parking Space Total 5

Building

Appliances Dryer, Refrigerator, Stove, Washer
Basement Type None
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