$975,000

18-24 Oxford Street

Tillsonburg ON, N4G 2G1

Description

SET IT AND FORGET IT! Looking for a cash-flowing, hands-off investment that is fully rented top to bottom to add to your portfolio? 18-24 Oxford Street is a mixed commercial/residential part of the Downtown core and offers nearly 8000 square ft of space - located steps from Broadway. Three established commercial tenants are located at street level and enjoy one of the highest visibility exposures in Oxford County. Upstairs, find 4 large, fully rented apartments that have been updated in recent years with kitchens, bathrooms, floor, paint, etc. The commercial tenants consist of two established retailers, as well as an office providing professional services. Upstairs, find 1 one bedroom apartment and 3 over-sized two bedroom apartments -two come with in-suite laundry. All units pay for their own utilities. This investment grosses nearly 6k a month with 5.67 cap rate. Owner pays water bill for the building- roughly $120/m. Owners occupy a 15x30 storage space in the basement. There is air conditioning in some but not all of the units. Not many opportunities are available to be part of Tillsonburg's coveted core. Call today!

Details

MLS#40082161
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site29

Features

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Area Information
ProvinceON
CountyOxford
CityTillsonburg
Postal CodeN4G 2G1
AreaTillsonburg
Listing VS Median (in N4G 2G1)
Price:
$975,000
low | high
Med:
$975,000
50% of Average
On Site:
29
low | high
Med:
29
100% of Average
Sourced by Back At You
Listing Updated: April 20, 2021 8:01:19 PM PDT
LANCE MACKENZIE LogoMLS Number: 40082161
Listing Provided By:
LANCE MACKENZIE  of  CENTURY 21 HERITAGE HOUSE LTD BROKERAGE
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