Ottawa Realtor Michele Xu

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350 ST PHILLIPE STREET

Alfred, Ontario K0B1A0

$479,000 for sale

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MLS®:
1417957
Contract Days:
30
Community:
Alfred
Ownership:
Freehold
Property Type:
Commercial
Total Size:
87 ft X 63 ft
Built Date:
1940
Parking:
6
Bedrooms:
+
Bathrooms:
Interior Features
Construction Style:
Total Stories:
Total Bedrooms:
Bedrooms Above Ground:
Bedrooms Below Ground:
Total Bathrooms:
Whole Bathrooms:
0
Half Bathrooms:
Basement Type:
Basement Development:
Appliances:
Exterior Features
Built Date:
1940
Exterior Finish:
Foundation Type:
Utitilies
Heating Type:
Heating Fuel:
Cooling Type:
Utility Water:
Sewer:
Total Fireplaces:
Type
Level
Size

Note

Investors take note! Great 4plex commercial residential mixed use building in Alfred with net income of approx $38,000 (8% cap rate). All 4 units are currently rented. Main floor has a com. unit rented to a pizzeria at $1,715 before hst + hydro, natural gas and propane for restaurant (base rent increase $80 on January first). Main floor also futures a 2bedr. apart. ($945 plus heat and hydro) and 1 bachelor unit ($478 Hydro included). The 2nd level has 1 large 2 bedroom unit (rented $815+ heat & Hydro) and a large unfinished space that could possibly be added to the pizzeria or for other uses (buyer to verify with local authorities for requirements). 5 hydro meters and 3 gas meters on site. Seller pays hydro for bachelor only. All other tenants pay their own heat and hydro. Property needs some TLC. Call now! (id:19004)

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