187 Main Street S in Mount Forest Ontario N0G 2L0

  • : $2,499,000.00
  • : 40061258
  • : Multi-family

Overview

This property offers an excellent rate of return for a sound, passive investment. This building contains 12 residential units and one commercial unit. All units have been completely updated and refurbished within the last year as have the electrical, plumbing and heating systems. The entire building has a new, monitored fire/smoke/security alarm system. The residential portion has a controlled entry system. Commercial unit pays all property operating expenses; heating, electricity, property & liability insurance, property taxes and yard/lot maintenance. Commercial tenant is on a 5 year lease with option to renew for 5 years. Gross and net incomes are $159,600 per year. There is ample opportunity for future expansion or an addition on this 1 acre lot. Property management contract may be assumed. (id:1493)

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Listing data provided by COLDWELL BANKER WIN REALTY Brokerage
The property information on 187 MAIN STREET S MOUNT FOREST ONTARIO was derived from the Canadian Real Estate Association's Data Distribution Facility®. DDF® references real estate listings held by other brokerage firms. The accuracy of information is not guaranteed and should be independently verified.

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