21
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$999,900
Est. payment /mo
3,040 SqFt
Active
51 KING ST Ingersoll, ON N5C 1G6
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UPDATED:
04/06/2024 08:38 AM
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 3,040 sqft
Price per Sqft $328
MLS Listing ID X8007518
Annual Tax Amount $2,604
Tax Year 2023
Property Description
The mixed-use 4-plex in the heart of Ingersoll is a promising investment. Renovated in 2020, it features two commercial units (Tito Pizza franchise and a Barbershop) and two residential units, delivering a net income of $58,003.25. Building & land only for sale. Key attractions include secure commercial leases: Tito Pizza holds a 10-year lease ending in 2031 with an option for another 10 year term, while the Barbershop has a 5-year lease until 2027, extendable for two additional 5-year terms. The professionally renovated residential units with reliable tenants contribute to steady income. Seller will consider financing options.
Location
Province ON
County Oxford
Area Oxford
Zoning EC-6 & R2
Interior
Cooling Yes
Inclusions Appliances in the residential units, furniture in the top residential units.
Exterior
Utilities Available Available
Lot Frontage 23.0
Lot Depth 83.79
Others
Security Features No
Listed by NON-TRREB BOARD OFFICE
First Fully Rewarding Licensed Brokerage | Proudly Canadian
Managing Broker
+1(416) 300-8540 | admin@pitopi.com