MLS®: E4317016 Status: For sale

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$687,900
Location:

8-10 Wellington St, Clarington Ontario, L1C1V2

8-10 Wellington St, Clarington Ontario
Description:
Turn Key Cash Positive Investment In Rapidly Growing Municipality Clarington. Gross Monthly Income $4363.00. Net Yearly Income Of $39,548.75 Cap Rate Of 5.733%. Long Term Tenants, Low Overhead, Low Maintenance Building. Price To Sell. Building Needs Some Updating But Has Great Future Potential. Sold As Is. Property Has Been Operating As A Multiplex For 50 Plus Years. Property Is Not Legal Non Conforming. Currently Zoned R1-12.**** EXTRAS **** Potential For Future Laundry Rm In Utility Area For Add'l Income. 5 Pking Spaces , Close To Transit & All Amenities. Very Strong Rental Market In Clarington W/Several Growth/Infrastructure Projects Underway, Go/Metrolinks, 407, Opg,Hospital (id:2471)
Property:
Type: Multi-family
Lot Dimensions: 81.27 FTAcreage: 81.27 FT
Utility Types Available: Cable (Available), Hydro (Installed), Natural Gas (Installed), Sewer (Installed)
Structure:
Style: Other
Bedrooms: 6Bathrooms: 5
Heating: Baseboard heaters
Heating Type: Electric
Exterior: Brick
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8-10 Wellington St, Clarington Ontario

Peak Local Realty

Libby Clarke
Sales Representative

Email Me

Telephone:
613-902-7217

Cellular:
613 334 0620



Listing Office: ROYAL SERVICE REAL ESTATE INC.

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