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5301 Nauvoo Road Image 1

$499,000

$560,000
10.9% dropped

Last price change Feb 13

Jan 7Store W Apt/Office For Sale
bedroomsbed
washrooms0bath
MLS - #X11912047

5301 Nauvoo Road, Warwick, ON N0M 2S0

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Average Price
49900000.0%
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Price Comparison

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Property Description

Property type

Store W Apt/Office

Lot size

N/A

Style

Approx. Area

N/A

About 5301 Nauvoo Road

New low asking price of $499,00.00 for a quick sale by a motivated seller. A commercial/residential investment opportunity awaits you in downtown Watford. This building has double access from Nauvoo Road (Main Street) or at the rear of the building. The main floor has a commercial take-out restaurant up front, with a spacious one-bedroom apartment at the rear. The second floor consists of two, one-bedroom apartments. All units have had extensive interior renovations recently. These four units are all rented with high-value rent, showing an impressive Cap Rate of 8%. The tenants pay the hydro, heat, water, and tenant liability insurance. High-speed unlimited fibre optic internet is available at the tenants cost. Note: the low property taxes of $928.00. This building is a turnkey operation and is a perfect investment opportunity for you. Just take over as an investment or live in one unit yourself and let the tenants pay the mortgage. Professional property management for this building can be arranged. **EXTRAS** Plenty of parking at the rear or on the street and across the street in the public lot. In an effort not to disturb the tenants, please view the interior pictures provided, taken after renovations , with this listing.

Home Overview

Last updated

Mar 28

Virtual tour

None

Basement information

Building size

2800

Status

In-Active

Property sub type

Store W Apt/Office

Maintenance fee

$N/A

Year built

2024

Listed by SHANAHAN REALTY INC.

Additional Details

Basement:N/A
Cooling:Yes
Heating:Baseboard
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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