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Woodstock,ON N4S 1B7
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,095 sqft
Price per Sqft $178
MLS Listing ID X9267779
Annual Tax Amount $3,515
Tax Year 2023
Property Description
Commercial Building in a Prime Location in Woodstock. The C5 zoning (Central Commercial) permits a variety of uses, ideal for legal, medical, retail, deli, salon, etc. The building offers multiple entrances. The main floor retail area is approximately 1365 sqft and is currently rented to a well-known restaurant. The second and third floors are residential, consisting of four 1-bedroom, 1-bath apartments each with a kitchen. All apartments are currently rented out. There are 6 parking spots at the back of the building, with additional street parking also available. There are 2 bathrooms in the basement for restaurant and general use, along with an unfinished area for restaurant storage. Each unit has a separate hydro meter. Property taxes and water bills are paid by the landlord, while the rest of the utilities are paid by the tenants. The property has significant potential and generates approximately$60,000.00 in gross rent. Offer 6.3 CAP RATE!
Location
Province ON
County Oxford
Zoning C5
Interior
Cooling No
Inclusions 4 Stoves, 4 Fridges.
Exterior
Community Features Major Highway,Public Transit
Utilities Available Yes
Parking Type None
Others
Security Features No