PRIME MIXED-USE PROPERTY ON A BUSTLING MAIN THOROUGHFARE IN THE RAPIDLY GROWING AREA OF FORD CITY. THIS INVESTMENT FEATURES A RETAIL SPACE AT THE FRONT, CURRENTLY LEASED TO A RELIABLE TENANT, PROVIDING IMMEDIATE CASH FLOW. THE REAR RESIDENTIAL UNIT IS A BLANK CANVAS READY FOR RENOVATION (INCLUDES SPACE IN BACK FOR PARKING). TWO OPTIONS: 1) BUY, RENOVATE, AND BENEFIT FROM THE AREA'S INCREASING VALUE AND RENTAL DEMAND. 2) LIVE IN THE RESIDENTIAL UNIT AND OFFSET EXPENSES WITH RENTAL INCOME FROM THE COMMERCIAL SPACE. DROUILLARD RD. IS THRIVING WITH NEW BUSINESSES AND RESIDENTIAL GROWTH, PROMISING A VIBRANT COMMUNITY AND RISING PROPERTY VALUES. COMMERCIAL UNIT AVAILABLE FOR SHOWINGS DURING OPERATIONAL HOURS. 5-YEAR LEASE STARTING JUNE 2024 AT $1,800/MONTH + HST, WITH $100 ANNUAL INCREASES. SOLD AS-IS. NO WARRANTIES OR REPRESENTATIONS FROM VENDOR OR LISTING SERVICE. (id:4069)
Address
1018 DROUILLARD
List Price
$549,999
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Windsor
Lot Size
30 FT. X 100 FT. Sq. Ft.
MLS® Number
24019399
Listing Brokerage
MANOR WINDSOR REALTY LTD. - 455
Postal Code
N8Y2P8
Zoning
CD2.2
Amenities
Shopping Area
