117 Main Street N Chesterville, Ontario K0C 1H0
$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
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 30 2022 04:11:45
Ottawa Real Estate Board
Coldwell Banker Rhodes & Company
