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507-19 OUELLETTE AVENUE - $849,900.00

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Property Specs:

Price$849,900.00
CityWindsor, ON
Address507-19 OUELLETTE AVENUE
Listing ID19027052
FlooringConcrete, Laminate
Land Size63X75 FT
StatusFor sale

Extended Features:

Features: Corner SiteOwnership: FreeholdCooling: Heat PumpFire Protection: UnknownHeating: Forced air, Heat Pump, Space HeaterHeating Fuel: Electric, Natural gas

Details:

HERE IS A VERY ATTRACTIVE LONG TERM INVESTMENT. THIS SOLID CONSTRUCTED, ORNATE BUILDING IS LOCATED IN A VERY SWEET SPOT ON OUELLETTE AVENUE AND MAIDEN LANE. THIS PARTICULAR LOCATION IS VERY UNIQUE WITH MAIDEN LAND RUNNING ALONG THE SIDE ACCESSING OTHER LONG TERM, WELL ESTABLISHED BUSINESSES. THERE IS OFTEN, DURING THE SUMMER, EVENTS THAT TAKE PLACE ALONG THERE AS WELL AS THE WEEKLY FARMERS MARKET IN BEHIND ON PELISSIER STREET. THERE ARE 4 COMMERCIAL TENANTS. IT HAS BEEN FULLY RENTED FOR THE PAST 5 YEARS. THREE OF THE TENANTS SIGNED 5 YEAR LEASES LAST YEAR. THE 4TH HAS BEEN THERE FOR 7 YEARS AND IS LOOKING TO RENEW WITH A NEW OWNER. ALL THE TENANTS PAY THEIR OWN UTILITIES INCLUDING WATER. THEY ARE ALSO RESPONSIBLE FOR EXTERIOR GROUND MAINTENANCE. THE OWNER ONLY PAYS FOR TAXES AND INSURANCE. THIS WILL MAKE AN IDEAL ""OUT OF TOWN"" INVESTMENT FOR THE SAVVY INVESTOR WITH LITTLE EFFORT NEEDED IN THE WAY OF MANAGEMENT. (id:4555)

Tina

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(519) 944-5955
LISTING OFFICE:
Manor Realty Ltd. Brokerage

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