Address
29 Alice Street, Waterford, ON
Price
$ 1,500,000
Property Attributes
  • ID#H4137351
  • TypeMulti-Family
  • CityWaterford
  • NeighbourhoodWaterford
  • Postal CodeN0E 1Y0
  • StyleMulti-Family
  • Price$ 1,500,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5776
  • Lot Size3,485 SqFt
Data Source:
RLP - CREA EN
Property Description

Premium Commercial/Residential building located in heart of Waterfords downtown business core. Offers excellent visual exposure incs hi-volume of pedestrian & vehicular traffic - short walk to amenities, eateries + Waterford Lakes. 20 min/Brantford & 403 - 90 mins/GTA. The building was completely reconstructed in 1979/80 - from the basement up - as a result of Tornado damage. Introduces aprox. 5776sf (above grade sqft) + full functional/dry basement comprised of 3 units w/rear access. MAIN LEVEL incs renovated Commercial Street facing Unit rented $1800 p/mnth (all inclusive). Rear MAIN LEVEL ftrs stylishly remodeled owner occupied Residential Unit w/1.5 baths, large principal rooms & 9 ceilings - $1500 p/mnth projected income (enough space for possibly 2 units). 4 UPPER LEVEL Residential Units (Tenants pay utilities)-all units units inc separate aqua-therm furnaces, hydro & gas meters. UNIT #1 - 2 bedrm/$1200 p/mnth, UNIT #2 - 2bedrm/715 p/mnth, UNIT #3 - 2 bedrm/$850 p/mnth, UNIT #4 - 1 bedrm/$785 p/mnth. List price CAP RATE-3.5 / projected (if owners unit is rented) CAP RATE-4.7. Extras inc new roof covering-2018, rear paved parking for 5 vehicles, adjacent paved parking lot w/2 street entrances, street parking, 4 n/g water heaters fueling aqua-therm furnaces-2018. Suitable for the move-in one unit & let rental income cover the mortgage scenario - or ideal for wise Investor who can appreciate the quality of this solid building. Offers Anytime w/48 hr irrevocable. (id:27)

General Features

Amenities Nearby Recreation, Schools
Appliances Dryer, Refrigerator, Stove, Washer
Architectural Style 2 Level, Multi-Unit
Building Type Multi-Family
Community Features Community Centre
Construction Material Concrete block, Concrete Walls
Features Park setting, Park/reserve, Sump Pump
Listing Type Investment
Location Description URBAN
More Information Link https://www.realtor.ca/real-estate/24494528/29-alice-street-waterford
Parking yes
Parking Spaces 5
Property Type Multi-family
Sewer Municipal sewage system
Terms SALE

Interior Features

Basement Unfinished
Basement Type Full
Cooling Type Central air conditioning
Foundation Type Block, Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air, Boiler

Exterior Features

Exterior Finish Concrete, Metal
Lot Frontage 46.0
Lot Size 0.08 acres
Parking Type No Garage
View Type View
Jumpid 17862398
Listing Type French Investissement
Media Links [{"ordinal": "0", "type": "VIDEO", "link": "https://myvisuallistings.com/vtnb/327360", "id": "50150427"}]
Mls H4137351

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in N0E 1Y0

Price
AVG $1.61M
$1.5M
Visits
AVG 11
6
Year Built
AVG 1980
1980
Walkscore
AVG 31
30
Data Provided by Walkscore ® not using MLS data