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29 Alice Street Waterford, Ontario N0E 1Y0

5776 sqft
2 Level, Multi-Unit Central Air Conditioning Forced Air, Boiler

$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)

Business

Business Type Other

Property Details

MLS® Number H4137351
Property Type Multi-family
Amenities Near By Recreation, Schools
Community Features Community Centre
Equipment Type None
Features Park Setting, Park/reserve, Sump Pump
Parking Space Total 5
Rental Equipment Type None
View Type View

Building

Appliances Dryer, Refrigerator, Stove, Washer
Architectural Style 2 Level, Multi-unit
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1980
Construction Material Concrete Block, Concrete Walls
Cooling Type Central Air Conditioning
Exterior Finish Concrete, Metal
Fire Protection Smoke Detectors
Foundation Type Block, Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air, Boiler
Stories Total 2
Size Exterior 5776 Sqft
Size Interior 5776 Sqft
Type Multi-family
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Land Amenities Recreation, Schools
Sewer Municipal Sewage System
Size Frontage 46 Ft
Size Irregular 0.08 Acres
Size Total Text 0.08 Acres|under 1/2 Acre
Soil Type Loam

https://www.realtor.ca/real-estate/24494528/29-alice-street-waterford