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Home ON West Grey
126 GARAFRAXA STREET
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126 GARAFRAXA STREET $389,000
1 day ago
$389,000
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126 GARAFRAXA STREET
West Grey, Ontario N0G1R0

MLS® Number: X12638586

Listing Description

Commercial mixed use-unit Centrally Located In The Town Of Durham, West Grey. 2 commercial unit At Ground floor And 2 Residential Uses On The Second Floor. Amazing opportunity for commercial & mixed use investors, with approx. 10% of cap rate (potential to maximize), Rental Income coming Approx $5000.00Features approximately 600 sq. ft. and 240 sq. ft. store fronts. 2nd floor 3 bedroom apartment approx.1000 sq. ft. and 1 bedroom 400 sqft. Walk out basement is finished and generating Income. R.O.W. road access behind building. Property and building selling 'As Is'. Heat approximately $142 per month and hydro approximately $146 per month. Vacant possession of residential units is possible. Perfect opportunity for investors for positive cash flow...New Metal Roof, Boiler Heat. Upstairs $1600, Main floor $1200, Basement $1000, Side retail $700, Storage $800 (Potential income )Utilities: $700/Month (41830400)

Location Description

Garafraxa st./Lambton St.

Property Summary

Property Type
Retail
Community Name
West Grey
Land Size
30 x 165 FT ; 30 x 165 Feet
Annual Property Taxes
$5,307.01
Time on REALTOR.ca
1 day

Building

Heating & Cooling
Cooling
None
Heating Type
Other
Utilities
Water
Municipal water

Measurements

Square Footage
2200 sqft

Land

Lot Features
Frontage
30 ft
Land Depth
165 ft
Other Property Information
Zoning Description
C1H
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SHIVAM TANEJA