5301 Nauvoo Road, Warwick, ON Image 1

$499,000

$560,000
10.9% dropped

Last price change Feb 13

Store W Apt/Office For Sale
MLS - #X11912047
4 days ago- By SHANAHAN REALTY INC.

5301 Nauvoo Road, Warwick, ON N0M 2S0

Bed
Bath
2800 Sqft.
None Garage

Property Description

Property type

Store W Apt/Office

Lot size

N/A

Style

Approx. Area

2800 Sqft

About 5301 Nauvoo Road

New low asking price of $499,00.00 for a quick sale by a motivated seller. A commercial/residential investment opportunity awaits you in downtown Watford. This building has 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. **EXTRAS** Plenty of parking at the rear or on the street and across the street in the public lot. In an effort not to disturb the tenants, please view the interior pictures provided, taken after renovations , with this listing.

Home Overview

Last updated

4 days ago

Virtual tour

None

Basement information

Building size

2800

Status

In-Active

Property sub type

Store W Apt/Office

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:N/A
Cooling:Yes
Heating:Baseboard
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
49900000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

Walking Icon

Walk Score for 5301 Nauvoo Road

Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$1905.84/ month
$399,200 Principal and Interest

Some information about this property - Nauvoo Road

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