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270 George St

George St, Wellington North, ON, N0G 1A0

-
Beds
-
Baths
2,795
Sq. Ft.
$958,000
List Price
Details
Photos
50
Comparables
History
270 George St, Wellington North, ON - 1 of 3
270 George St, Wellington North, ON - 2 of 3
270 George St, Wellington North, ON - 3 of 3
34 days on market

Quick Summary

  • Unique 5-unit mixed-use property
  • Rebuilt from foundation in 2022
  • Rare 8% cap rate with $1500/month cashflow
  • No rent control as units built after 2018
  • Separate electrical panels for potential hydro meters
  • Vacant possession at closing
  • Seller financing available up to $100k
  • Zoned C1 for commercial and residential use

Live and Work Opportunity! Unique 5-unit property with a commercial unit, 4 residential units, and an attached garage. Rebuilt from foundation in 2022. Two-bedroom unit with open concept and large balcony, 1- bedroom units, and a bachelor unit. All units occupied by the seller and family, available vacant. Rare 8% cap rate, cashflow of... Show More

Live and Work Opportunity! Unique 5-unit property with a commercial unit, 4 residential units, and an attached garage. Rebuilt from foundation in 2022. Two-bedroom unit with open concept and large balcony, 1- bedroom units, and a bachelor unit. All units occupied by the seller and family, available vacant. Rare 8% cap rate, cashflow of $1500/month. No rent control as units built after 2018. Incredible return on investment in growing Arthur market. Financials available. Although there are no separate meters, there are separate electrical panels so creating seperate hydro meters can be done by the buyer. Financials in supplements and can be provided. All units vacant/owner occupied and vacant possession will be at closing. Seller financing may be available. Zoned C1 Section 16 https://www.wellington-north.com/sites/default/files/2023- 05/WN%20ZBL%2066-01%20CONSOLIDATION%20March%202023.pdf Seller financing may be available up to 100k! See financials. https://drive.google.com/drive/folders/15XpTqZ9MNCAz9fZ1OkUG3gNe-5wfcm4x? usp=drive_link (id:54626)

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Property Details

Size

2,795 sq. ft.
across 2 floors
0 Beds
0 Baths

Parking

8 Parking Spaces
Detached Garage

Build

Year Built
-
Model Name
-
Basement
Unfinished
Exterior
Brick, Stucco
Foundation
Poured Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
Central air conditioning

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40662331
Last Updated
October 28, 2024
Brokerage
eXp Realty, Brokerage
Powered by: REALTOR.ca
Call us 800-591-0566

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