Fully tenanted stand alone building with house in the back generating gross total rental income closer to $8,000./month. Front mixed use building tenanted with local renowned Indian Restaurant & Coin Laundry on the ground floor, 2 rental suites upstairs with 1 bedroom each PLUS 4 bedrooms, 2 bathrooms house in the back also tenanted. Well maintained strong holding property with good cash flow sitting on prime location. Offered at around 7.5% Cap Rate. Special pricing if completed prior to 2020 please call for details.
Rent Breakdown: Restaurant ($3,150./m gst incl), coin laundry ($900./m), House + basement ($2,100./m), 2 units upstairs with 1 bedroom each ($1,700 total) all leased out. Total rent $7,700./month.
25% downpayment, 4.5% interest rate loan can be arranged through Bank base on asset type and existing income flow.