187 MAIN Street S (40061258)

Listing ID: 40061258

$2,499,000

COLDWELL BANKER WIN REALTY Brokerage

**187 MAIN Street S, Mount Forest, Ontario, N0G2L0**
Property TypeMulti-family	Built in1900
Lot Size1 acres	Building Area15000

This property offers an excellent rate of return for a sound, passive investment. This building contains 12 residential units and one commercial unit. All units have been completely updated and refurbished within the last year as have the electrical, plumbing and heating systems. The entire building has a new, monitored fire/smoke/security alarm system. The residential portion has a controlled entry system. Commercial unit pays all property operating expenses; heating, electricity, property & liability insurance, property taxes and yard/lot maintenance. Commercial tenant is on a 5 year lease with option to renew for 5 years. Gross and net incomes are $159,600 per year. There is ample opportunity for future expansion or an addition on this 1 acre lot. Property management contract may be assumed. (id:33575)

**Details**
Amenities NearbyHospital, Place of Worship, Playground, Schools, Shopping	CommunicationHigh Speed Internet
Community FeaturesCommunity Centre	EquipmentNone
FeaturesPaved driveway, Crushed stone driveway	OwnershipFreehold
Parking Spaces50	Rental EquipmentNone
TransactionFor sale	Zoning DescriptionC1

**Building**
Basement DevelopmentUnfinished	BasementFull (Unfinished)
Constructed Date1900	Construction Style AttachmentDetached
CoolingCentral air conditioning	Exterior FinishBrick
Fire ProtectionMonitored Alarm, Smoke Detectors, Alarm system, Security system	FoundationStone
Bathrooms (Total)0	Heating FuelNatural gas
HeatingForced air, Hot water radiator heat	Size Interior15000.0000
Storeys Total2	Utility WaterMunicipal water

**Land**
Size Total0.996 ac\|1/2 - 1.99 acres	Size Frontage139 ft
Access TypeRoad access	AmenitiesHospital, Place of Worship, Playground, Schools, Shopping
SewerMunicipal sewage system	Size Irregular0.996