14 Clinton Street S South Bruce, Ontario N0G 2S0

5,000 sqft
Partially Air Conditioned Hot Water Radiator Heat, Forced Air, Radiant Heat, Radiator Acreage

$549,900

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:49203)

Property Details

MLS® Number X13721288
Property Type Retail
Community Name South Bruce
Amenities Near By Highway
Parking Space Total 2

Building

Cooling Type Partially Air Conditioned
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat, Forced Air, Radiant Heat, Radiator
Size Exterior 5000 Sqft
Size Interior 5,000 Sqft
Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage Yes
Land Amenities Highway
Size Depth 132 Ft
Size Frontage 42 Ft
Size Irregular 5000
Size Total 5000 Ac
Size Total Text 5000 Ac
Zoning Description C1

https://www.realtor.ca/real-estate/30207905/14-clinton-street-s-south-bruce-south-bruce

Contact Us

Contact us for more information

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Perry Caskanette
Salesperson

(519) 280-5579

Sutton Group - Select Realty
250 Wharncliffe Road North
London, Ontario N6H 2B8

(519) 433-4331

Dekker Team
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