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Home ON Warwick
5301 NAUVOO ROAD
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5301 NAUVOO ROAD $560,000
$560,000
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5301 NAUVOO ROAD
Warwick (Watford), Ontario M0M2S0

MLS® Number: X8481726

Listing Description

A commercial/residential investment opportunity awaits you in downtown Watford. This building has 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 7.3%. 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. (35575485)

Location Description

Ontario St

Property Summary

Property Type
Retail
Building Type
Residential Commercial Mix
Community Name
Watford
Land Size
22 x 132 FT
Annual Property Taxes
$928
Total Parking Spaces
3
Time on REALTOR.ca
176 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Baseboard heaters
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Highway, Recreation
Parking
Total Parking Spaces
3

Measurements

Square Footage
2800 sqft

Land

Lot Features
Frontage
22 ft
Land Depth
132 ft
Other Property Information
Zoning Description
C1 1
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3
LEO SHANAHAN