Excellent Downtown building with C2 zoning (under Documents). This building has been a lawyer's office for years on the main level and still is (Tenants). The main level offers a vestibule reception area, four offices and three work areas. There is access to the basement area from here which has a small kitchenette, storage and washroom. The second level which is currently vacant and could be rented out for more monthly income, which has three offices (could be four), 2 piece bathroom and a small kitchenette. Presently the landlord pays for the heat, hydro, water, taxes and insurance. Current income is $26,400/year. There is a current lease in place until May 31, 2026 (second year of the lease income is $27,600). Two water heaters owned also there is a forced air gas furnace and central air unit that supplies the main floor and a HVAC unit on the roof that supplies heat and central air to the second level (there are separate meters for both levels-hydro, gas and water). There is no parking with this building. You can park behind the building or across the street (permit parking). (id:4069)
Address
4-8 ELGIN STREET
List Price
$479,900
Property Type
Office
Type of Dwelling
Offices
Area
Ontario
Sub-Area
St Thomas
Bathrooms
2
Floor Area
2,592 Sq. Ft.
Lot Size
45 x 60.07 FT Sq. Ft.
MLS® Number
X12057095
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Postal Code
N5R3L6
Zoning
c-2
Site Influences
Public Transit
