5301 NAUVOO RoadWarwick-Watford, ON N0M 2S0
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$2,277New low asking price of $499,000 for a quick sale by a motivated Seller. A commercial/residential investment opportunity awaits you in downtown Watford with 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.
| 3 months ago | Listing updated with changes from the MLS® | |
| a year ago | Price changed to $499,000 | |
| a year ago | Status changed to Active | |
| 2 years ago | Listing first seen on site |
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