LOADING

815 George St Hearst, Ontario P0L 1N0

2154
Boiler

$250,000

AMAZING INVESTMENT OPPORTUNITY! LOCATED ON THE BUSIEST COMMERCIAL STREET OF TOWN THIS COMMERCIAL PROPERTY OFFERS AN AMAZING OPPORTUNITY TO INVEST AS AN INVESTOR OR AN OPPORTUNITY TO START INVESTING WHILE LIVING IN A BEAUTIFUL FULLY RENOVATED APARTMENT! THE CURRENT ANNUAL GROSS INCOME IS $18,900 AND THE POTENTIAL ANNUAL GROSS INCOME IS $36,900. THE BUILDING CONSISTS OF 1 RESIDENTIAL UNIT ON THE SECOND LEVEL, CURRENTLY OCCUPIED BY THE OWNER CONSISTING OF 3 BEDROOMS, 1 BATHROOM AND WASHER AND DRYER HOOKUPS. THIS APARTMENT HAS BEEN FULLY RENOVATED THROUGHOUT THE PAST 7 YEARS TO A MODERN LOOK. THIS UNIT HAS A POTENTIAL RENTAL INCOME OF $1500 A MONTH, ALL-INCLUSIVE. ON THE FIRST FLOOR IS LOCATED A COMMERCIAL RENTAL UNIT CURRENTLY OCCUPIED BY THREE SEPARATE TENANTS, THIS UNIT BRINGS IN $1575 OF RENT MONTHLY, ALL-INCLUSIVE. THE ROOF MADE OUT OF MEMBRANE WAS FULLY UPDATED IN 2017 AND THE INSULATION OF THE ROOF WAS ALSO UPDATED AT THIS TIME. A NEW MEMBRANE WAS INSTALLED ON THE EAST SIDE OF THE PROPERTY TO PREVENT ANY WATER INFILTRATION. IN 2021 2 ELECTRICAL PANELS WERE UPDATED, AND ALL THREE ELECTRICAL PANELS ARE BREAKER PANELS. THE BOILER SYSTEM WAS FULLY UPDATED IN 2018. THIS IS AN INCREDIBLE OPPORTUNITY YOU WON’T WANT TO MISS! (id:36938)

Business

Business Type Other, Residential
Business Sub Type General commercial, Residential

Property Details

MLS® Number TM221792
Property Type Other
Community Name Hearst
Communication Type High Speed Internet
Storage Type Outside Storage
Structure Workshop

Building

Amenities Street Lighting
Basement Type Full
Constructed Date 1946
Construction Material Concrete Block
Heating Fuel Natural Gas
Heating Type Boiler
Stories Total 2
Size Interior 2154
Utility Water Municipal Water

Parking

Other
Surfaced
Gravel
Parking Space(s) 5

Land

Access Type Road Access
Acreage No
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 33.0000
Size Irregular 0.1
Size Total 0.1 Ac|under 1/2 Acre
Size Total Text 0.1 Ac|under 1/2 Acre

Utilities

Electricity Available
Telephone Available

https://www.realtor.ca/real-estate/24736208/815-george-st-hearst-hearst

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