
Listed For $549,900
Added 2 months ago
5000 Square Feet
Store W Apt/Office
$8,963 Tax / yr
-
Bedrooms
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Bathrooms
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Garages
5000
Square Feet
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INVESTORS - TAKE A CLOSER LOOK AT THE NUMBERS. This mixed-use property in the heart of Teeswater combines immediate residential income with significant commercial upside. Four residential apartments are fully occupied, generating $6,000 per month / $72,000 per year in current gross rental income. The approximately 2,500 sq. ft. commercial component offers the opportunity to generate an additional $30,000 annually when fully leased, bringing potential total gross income to approximately $102,000 per year. At the current asking price of $549,000, that's a compelling income opportunity. The commercial space is being offered at $7.00/sq. ft. plus approximately $5.00/sq. ft. TMI and may also appeal to an owner/operator looking to run a business while the four apartments help carry the property.
Census area 35410210; area-wide figures, not facts about this home.
Adapted from Statistics Canada, 2021 Census of Population, Census Profile, 2021. This does not constitute an endorsement by Statistics Canada of this product.