14 Clinton Street South, South Bruce, Ontario, N0G2S0

Property for sale in South Bruce, Ontario. Listed at $549,900.

5000 sq ft

Photos of 14 Clinton Street South, South Bruce, Ontario, N0G2S0

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14 Clinton Street South, South Bruce, Ontario, N0G2S0, South Bruce, Ontario — photo 1 of 5
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MLS® 30207905

Description

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. Approximately 5,000 sq. ft. in total with C1 zoning and a prominent Clinton Street location. Buy the existing income and unlock the commercial potential. (id:27495)

Listing courtesy of SUTTON GROUP - SELECT REALTY · PERRY CASKANETTE

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