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117 Main Street N Chesterville, Ontario K0C 1H0

None Baseboard Heaters, Forced Air

$435,000

Heres a unique opportunity to capitalize on cash flow, with a great location in a growing community. Amazing potential for improvement & long term investment gains. Currently 4 occupied apartments with happy, solid tenants in an established building of historic origin that has received many important basic updates. Roof type: Asphalt Shingle & Metal, Heating type: HE forced air gas & electric baseboard supplement, Electric Meters & Panels: 4. Easy to operate from a distance with management in place offering an impressive cost ratio to income stream and a Cap Rate of 6.30%. Bedroom community to both Ottawa and accessible from Montreal and New York state. Also potential for an owner to occupy & live-in to self manage. This building is perfect for investment-minded owners, local or distant, with an eye on the future for personal or business wealth management. Ask about commercial use and future expansion of this impressive piece of land. Please allow 24 hours notice for showings. (id:48621)

Property Details

MLS® Number 1287148
Property Type Multi-family
Neigbourhood Chesterville
Amenities Near By Recreation Nearby, Shopping
Communication Type Cable Internet Access, Internet Access
Features Corner Site
Parking Space Total 10

Building

Basement Development Unfinished
Basement Type Cellar (unfinished)
Constructed Date 1900
Construction Style Attachment Attached
Cooling Type None
Exterior Finish Aluminum Siding, Siding
Flooring Type Mixed Flooring
Foundation Type Stone
Heating Fuel Natural Gas, Electric
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Type Fourplex
Utility Water Municipal Water

Parking

Detached Garage
Surfaced

Land

Access Type Highway Access
Acreage No
Current Use Development Residential
Land Amenities Recreation Nearby, Shopping
Sewer Municipal Sewage System
Size Depth 232 Ft ,10 In
Size Frontage 118 Ft ,2 In
Size Irregular 118.18 Ft X 232.82 Ft (irregular Lot)
Size Total Text 118.18 Ft X 232.82 Ft (irregular Lot)
Zoning Description Commercial/res

Utilities

Fully serviced Available

https://www.realtor.ca/real-estate/24332893/117-main-street-n-chesterville-chesterville