Commercial Building in a Prime Location in Woodstock. The C5 zoning (Central Commercial) permits a variety of uses, ideal for legal, medical, retail, deli, salon, etc. The building offers multiple entrances. The main floor retail area is approximately 1365 sqft and is currently rented to a well-known restaurant. The second and third floors are residential, consisting of four 1-bedroom, 1-bath apartments each with a kitchen. All apartments are currently rented out. There are 6 parking spots at the back of the building, with additional street parking also available. There are 2 bathrooms in the basement for restaurant and general use, along with an unfinished area for restaurant storage. Each unit has a separate hydro meter. Property taxes and water bills are paid by the landlord, while the rest of the utilities are paid by the tenants. The property has significant potential and generates approximately $60,000 in gross rent. Offering 6.3% Cap rate.
MLS# | 40637387 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 82 |
Listing Provided By | Bridge Realty | Satnam Chatha |
SQ Feet | 4,095 |
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Basement | Y |
Story(s) | 3 |
Zoning | C5 Central Commercial |
Province | ON |
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County | Oxford |
City | Woodstock |
Postal Code | N4S 1B7 |
Area | Woodstock |
Subarea | Woodstock South |
Community Name | Woodstock South |
Listing VS Median (in Woodstock South) | |
Price: $729,000 low | high Med: $547,722 SqFt: 4,095 low | high Med: 1,478 $ / SqFt: $178 low | high Med: $371 On Site: 82 low | high Med: 16.500000 |