INVESTMENT PROPERTY with an almost 100% occupancy rate since developed. This Investment Property is priced slightly over $128/sq.ft cost for building area including land & building. To this property has had a consistent cash flow track record with a net net cash flow of approx $145,000 before depreciation & bad debt plus debt service based on the 2022 I/E. The average net net rent is approximately $8.00/sq.ft. which is generally at the lower end of the rental value range for similar local commercial properties. Property has a good mix of uses + tenants & the Community Commercial Zoning allows for a wide variety of other uses. NOTE: This investment property's main tenant's space (Cornwall Housing) is presently offered for lease as their lease ends July 31st/23. The current rent roll including I/E & leases will only be provided to interested parties once a OREA confidentiality agreement provided to listing brokerage. The seller requires 1 business day irrevocable to deal wth any offer. (id:36486)
| MLS® Number | 1343801 |
| Property Type | Retail |
| Neigbourhood | Heritage Plaza/Northend |
| Parking Space Total | 30 |
| Constructed Date | 1986 |
| Utility Power | Single Phase |
| Acreage | Yes |
| Size Depth | 149 Ft ,1 In |
| Size Frontage | 339 Ft ,3 In |
| Size Irregular | 1.27 |
| Size Total | 1.27 Ac |
| Size Total Text | 1.27 Ac |
| Zoning Description | Community Commercial |
https://www.realtor.ca/real-estate/25632967/1916-pitt-street-cornwall-heritage-plazanorthend
Contact us for more information
John A.(Sandy) Cameron
Broker of Record
(613) 933-3283
(613) 938-7437
www.homesnet.ca
Sandy Cameron
Salesperson
(613) 933-3283
(613) 938-7437
www.homesnet.ca
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