5880 RAMA DALTON BOUNDARY ROAD N/A Simcoe, ON L0K 1W0
UPDATED:
11/26/2024 07:17 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,772 sqft
Price per Sqft $231
MLS Listing ID S10894847
Bedrooms 9
Annual Tax Amount $958
Tax Year 2024
Lot Size 0.500 Acres
Property Description
Located at the corner of Monk Rd and Rama Dalton Boundary Rd, this property offers exceptional exposure for your business. Enjoy the convenience of living and working in the same location, with a potential annual positive cash flow of $9,000 with 100% financing at a 5.5% mortgage interest rate over a 30-year amortization. The owner is willing to consider a second mortgage take-back for qualified buyers.
This mixed-use property is currently zoned for both commercial and residential use, offering significant upside potential. The property is a commercial residential duplex with four income-generating units, a coin laundry room, a large rented garage, and outdoor parking lot storage. Additionally, there is a large green space for both commercial and residential tenants to enjoy.
Recent extensive upgrades relieve the pressure on the new buyer, including a new roof, siding, windows, fascia, soffit, and gutters. All residential units have been upgraded in the past two years, with three units featuring new kitchens, flooring, lighting, bathroom fixtures, and fresh paint. This property consistently generates income with ample room for expansion. There is potential to add storage rental units, a commercial building/shop, or additional residential units.
Location
Province ON
County Simcoe
Community Rural Ramara
Area Simcoe
Zoning C3
Region Rural Ramara
City Region Rural Ramara
Rooms
Basement Separate Entrance, Unfinished
Kitchen 0
Interior
Interior Features Separate Heating Controls, Accessory Apartment, Sump Pump
Cooling None
Inclusions four stove , four fridges, washer dryer , shed, Carbon Monoxide Detector, Microwave, Smoke Detector, Hot Water Tank Owned
Laundry Coin Operated
Exterior
Exterior Feature Deck
Parking Features Front Yard Parking, Other, Reserved/Assigned, Other
Garage Spaces 20.0
Pool None
Utilities Available Unknown
Roof Type Asphalt Shingle
Lot Frontage 167.0
Lot Depth 157.0
Total Parking Spaces 20
Building
Foundation Block
New Construction false
Others
Senior Community Yes
Security Features Unknown
Managing Broker
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