187 MAIN Street S (40061258)

187 MAIN Street S, Mount Forest, Ontario, N0G2L0
Property TypeMulti-familyBuilt in1900
Lot Size1 acresBuilding 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, ShoppingCommunicationHigh Speed Internet
Community FeaturesCommunity CentreEquipmentNone
FeaturesPaved driveway, Crushed stone drivewayOwnershipFreehold
Parking Spaces50Rental EquipmentNone
TransactionFor saleZoning DescriptionC1
Building
Basement DevelopmentUnfinishedBasementFull (Unfinished)
Constructed Date1900Construction Style AttachmentDetached
CoolingCentral air conditioningExterior FinishBrick
Fire ProtectionMonitored Alarm, Smoke Detectors, Alarm system, Security systemFoundationStone
Bathrooms (Total)0Heating FuelNatural gas
HeatingForced air, Hot water radiator heatSize Interior15000.0000
Storeys Total2Utility WaterMunicipal water
Land
Size Total0.996 ac|1/2 - 1.99 acresSize Frontage139 ft
Access TypeRoad accessAmenitiesHospital, Place of Worship, Playground, Schools, Shopping
SewerMunicipal sewage systemSize Irregular0.996

Listing Office: COLDWELL BANKER WIN REALTY Brokerage

Data Provided by REALTORS® Association of Grey Bruce Owen Sound

Last Modified :12/04/2021 11:36:57 PM

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Listing Office: COLDWELL BANKER WIN REALTY Brokerage

Data Provided by REALTORS® Association of Grey Bruce Owen Sound

Last Modified :12/04/2021 11:36:57 PM

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