New Tecumseth - Rural New Tecumseth
New Tecumseth - Rural New Tecumseth
Sold For$1,190,000
Listed For $1,249,900
Sold Jan 2024
ATTENTION INVESTORS! Lucrative opportunity to add to your real estate portfolio! Currently rented to a triple A tenant, Veterinary Clinic with a 5+5 yr renewal option. Tenant rents the house only, buyers can use the 1200 sq ft workshop for their own personal use. Current rental income is $84,000 per annum until Dec 31, 2026, then increasing to $91,500 for 1st renewal, and then $99,000 for 2nd renewal term. Tenant pays all property taxes, utilities, maintenance of house inside and exterior. Lot size is approx 1.48 Acres. Nicely located on the edge of Alliston, easy access to Industrial Parkway bi-pass. Excellent investment to park your money with minimal risk.
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