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Home ON Wellington North
270 GEORGE Street
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270 GEORGE Street $958,000
$958,000
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270 GEORGE Street
Arthur, Ontario N0G1A0

MLS® Number: 40662331
0
Bathrooms
2795
Square Feet

Listing Description

Live and Work Opportunity! Unique 5-unit property with a commercial unit, 4 residential units, and an attached garage. Rebuilt from foundation in 2022. Two-bedroom unit with open concept and large balcony, 1- bedroom units, and a bachelor unit. All units occupied by the seller and family, available vacant. Rare 8% cap rate, cashflow of $1500/month. No rent control as units built after 2018. Incredible return on investment in growing Arthur market. Financials available. Although there are no separate meters, there are separate electrical panels so creating seperate hydro meters can be done by the buyer. Financials in supplements and can be provided. All units vacant/owner occupied and vacant possession will be at closing. Seller financing may be available. Zoned C1 Section 16 https://www.wellington-north.com/sites/default/files/2023- 05/WN%20ZBL%2066-01%20CONSOLIDATION%20March%202023.pdf Seller financing may be available up to 100k! See financials. https://drive.google.com/drive/folders/15XpTqZ9MNCAz9fZ1OkUG3gNe-5wfcm4x? usp=drive_link (68198303)

Location Description

Highway 109 and highway 6

Property Summary

Property Type
Multi-family
Storeys
2
Square Footage
2795 sqft
Subdivision Name
71 - Arthur
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$8,400
Parking Type
Detached Garage
Time on REALTOR.ca
33 days

Building

Bathrooms
Total
0
Interior Features
Appliances Included
Central Vacuum, Window Coverings
Basement Type
Full (Unfinished)
Building Features
Features
Sump Pump
Foundation Type
Poured Concrete
Total Units
4
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Stucco
Neighbourhood Features
Community Features
High Traffic Area, Community Centre, School Bus
Amenities Nearby
Park, Public Transit, Shopping
Parking
Parking Type
Detached Garage
Total Parking Spaces
8

Measurements

Square Footage
2795 sqft
Above Grade Finished
2795 sqft
Source: Other

Land

Lot Features
Frontage
62 ft
Other Property Information
Access
Highway access
Zoning Description
C1
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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