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Key Details
Sold Price $1,360,000
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 9,174 sqft
Price per Sqft $148
MLS Listing ID 40691966
Annual Tax Amount $8,853
Property Sub-Type Mixed,Building and Land
Property Description
Looking for a turnkey business offering positive cash flow? Look no further than 2499 Hwy 3 in Jarvis! The 2.5 acres of prime real estate offers ample space for current operations as well as future growth or expansion opportunities. With positive cash flow and a unique commercial zoning designation, the property provides a rare combination of profitability and flexibility. This property is being used as transitional housing by Norfolk County since 2018 and would like to continue. Cash flow includes 14 units being rented monthly at $1,100 plus office at $500 and laundry at $500 for a total of $196,800. As an added bonus, there is a full 2-bedroom apartment on the second floor which the current owners are living in. Don't miss your chance on this excellent opportunity.
Location
Province ON
County Haldimand
Area Walpole
Zoning CS- SERVICE COMMERCIAL
Rooms
Kitchen 0
Exterior
Exterior Feature Storage
Parking Features Asphalt, Gravel
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected
Building
Lot Description Ample Parking, High Traffic Area
Story 2
Foundation Concrete Block
Sewer Septic Tank
Water Well
New Construction No
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