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21980 Highway 7 Highway Maberly, Ontario K0H 2B0

Acreage

$569,000

Investors take note! Great commercial Plaza with 2 buildings, gross rent of approximately $60,000 with potential Cap Rate of at LEAST 7! This great plaza includes multiple commercial incomes as well as residential 3 bedroom apartment for rent. The Restaurant and Bar has a cap of 50 people. The commercial kitchen includes a separate walk in fridge and freezer. This property also includes an office space on the mezzanine floor and a big attic used for storage. All units have separate entrances but the first floor units have shared bathroom facilities. Well is spring fed with pump and pressure tank (2011). Property is situated on a large 1.5 acre lot. Owners can run the restaurant & bar or rent it out, restaurant has a large patio, and the apartment is given to the restaurant chef now. Sewer septic system building has an extra electric generator! A must see! 24 hours notice needed for showings. (id:36465)

Property Details

MLS® Number 1201506
Property Type Retail
Neigbourhood Maberly Tay Valley
Parking Space Total 50

Building

Fireplace Present No

Land

Acreage Yes
Size Depth 265 Ft ,5 In
Size Frontage 274 Ft ,10 In
Size Irregular 1.45
Size Total 1.45 Ac
Size Total Text 1.45 Ac
Zoning Description Commercial And Rural

https://www.realtor.ca/real-estate/22136784/21980-highway-7-highway-maberly-maberly-tay-valley

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