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$579,800
Est. payment /mo
6 Baths
5,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $115
Subdivision New Liskeard
MLS Listing ID T12167802
Building Age 31-50
Annual Tax Amount $9,113
Tax Year 2024
Property Sub-Type Store W Apt/Office
Lot Depth 161.04
Lot Front 52.52
Property Description
Large 6 unit income property on a large lot located downtown with 4 residential and 2 commercial units (coin laundromat and tattoo parlor). The three 1 bedroom apartments are fully rented with a monthly income of $2645 (tenants pay hydro). The Tattoo parlor pays $593.25/mo. The total yearly income for these 4 units is $38,040 (total expenses in 2024 were $24903.22 for the building and laundromat). The owner currently resides in the main floor 2 bedroom unit (rent free) which can be rented with or without access to the basement and a large recreation and storage room which can bring in an extra income of approx $15,000/yr and save approx $1200 on hydro costs. All 4 apartments come with a fridge and stove and the two bedroom apartment also comes with bunk beds in the spare bedroom. Some upgrades include a roof (2018), a new boiler (2024), two new windows, ceiling fixtures, etc. Enjoy additional income from the owner operated laundromat which includes: 13 coin operated washers,12 coin operated dryers, additional oversized washer and dryer for the comforter cleaning service, two laundry carts, a bar fridge for beverage sales, a TV, a coin dispenser, 5 vending machines, a dehumidifier, 4 fans, a charging station for electronics, office space, storage space, a washroom and children's play area. Parking for 6. Back yard with a fire pit and seating area. Fire retrofit completed recently. Laundromat income and additional details provided to those with serious inquiries.
Location
Province ON
County Timiskaming
Community New Liskeard
Area Timiskaming
Zoning C2
Interior
Cooling No
Inclusions 13 COIN OPERATED WASHERS, 12 COIN OPERATED DRYERS, OVERSIZED WASHER & DRYER, COIN DISPENSING MACHINE, SECURITY SYSTEM, TV, 5 VENDING MACHINES, DEHUMIDIFIER, 4 FANS, 4 FRIDGES, 4 STOVES, BUNK BED IN 2 BDRM APT.
Exterior
Utilities Available Available
Lot Frontage 52.52
Lot Depth 161.04
Others
Security Features Yes
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Listed by eXp Realty Ltd. - Branch