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$499,000 5301 Nauvoo Road, Warwick-Watford, Ontario
PROPERTY INFO
New low asking price of $499,000 for a quick sale by a motivated Seller. A commercial/residential investment opportunity awaits you in downtown Watford with double access from Nauvoo Road (Main Street) or at the rear of the building. The main floor has a commercial take-out restaurant up front, with a spacious one-bedroom apartment at the rear. The second floor consists of two, one-bedroom apartments. All units have had extensive interior renovations recently. These four units are all rented with high-value rent, showing an impressive Cap Rate of 8%. The tenants pay the hydro, heat, water, and tenant liability insurance. High-speed unlimited fibre optic internet is available at the tenants cost. Note: the low property taxes of $928.00. This building is a turnkey operation and is a perfect investment opportunity for you. Just take over as an investment or live in one unit yourself and let the tenants pay the mortgage. Professional property management for this building can be arranged.
PROPERTY SPECS
Price $499,000
City Warwick-Watford, Ontario
Address 5301 NAUVOO Road
Listing ID 24014865
Square Footage 2800
Roof Tar & Gravel
Flooring Concrete, Cushion or Lino or Vinyl
Type Industrial/Commercial
Status For Sale


EXTRAS
Attachment Style Multi-Unit Subtype Investment Property, Residential, Retail Approx. Square Footage 2800 Acreage 0.067 Inclusions Other, See Remarks Parking Other, See Remarks Amenities High Traffic Location, Highway Access, Shopping Nearby, Visual Exposure Ownership Freehold Rental Equipment No Building Amenities Natural Light, Other, See Remarks, Window Display Heating / Cooling Baseboard Heaters Heating Fuel Electric Utility Power PHASE, VOLTS Utility Water Municipal Water Sewer Sanitary Date Listed Jun 26, 2024 Days on Market 686 Parking Gravel
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