$ 999,900
100 Trafalgar RD Erin, ON N0B 1Z0
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 999,900
Est. payment /mo
Active
100 Trafalgar RD Erin, ON N0B 1Z0
3,650 SqFt
UPDATED:
10/18/2024 05:13 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,650 sqft
Price per Sqft $273
MLS Listing ID X9394595
Annual Tax Amount $5,775
Tax Year 2023
Property Description
Situated On PRIME LOCATION !! This commercial property presents an exceptional investment opportunity. It is strategically situated on the busy main street of Hillsburgh, guaranteeing a high volume of traffic and excellent visibility. Currently, the property generates a monthly income of $6,200, boasting a cap rate of 6.4%. It is fully leased with Main Floor Is Leased with Pharmacy on renewal options and upstairs 2 updated residential units are with long term Tenants.This property is not just attractive from a financial standpoint; it has also received recent structural and mechanical upgrades, with more than $150,000 spent on renovations. The C-1 zoning allows for a variety of commercial uses, adding to its appeal for potential tenants.Conveniently located in close proximity to a range of amenities, including a grocery store, arena, and veterinary clinic, the property also offers ample parking for both tenants and customers, further enhancing its appeal.Overall, this commercial property represents an exceptional investment opportunity due to its prime location, consistent rental income, recent updates, and potential for additional revenue streams.
Location
State ON
County Wellington
Area Hillsburgh
Interior
Cooling Yes
Exterior
Utilities Available Available
Parking Type None
Others
Security Features No
Listed by ROYAL LEPAGE FLOWER CITY REALTY