509 KING

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Description

BUSINESS OPPURTUNITY FOR THE FUTURE, AND PASSIVE INCOME FOR THE PRESENT. This is a perfect opportunity for passive income with a residential component. The property is about .25 acres and has an existing convenience store on the main floor as well as a 2 bedroom apartment above. There is ample parking and it's in a high traffic area near the downtown core. The convenience store still has a lease until 2028 which should be more than enough to cover your mortgage. The store has a walk in cooler which accesses the bank of refrigerators and a storage room and washroom. If you aspire to own a convenience store, you could run your own store in this location once the lease is up, or renew the lease with the existing store owner. The 2 bedroom apartment will be vacant in early October 2024 and could be renovated and rented or you can stay in the apartment. Seller also owns #505 King Street, right next door so you could buy and own both properties. *** This listing is for land and building only. *** (id:39198)

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Property taxes

$6,095.01 per year / $507.92 per month

Basement

None

Year build

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Type

Other

Bedrooms

null

Bathrooms

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Parking spots

Total

Floor

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Balcony

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Pool

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External material

Concrete | Vinyl siding

Roof type

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Lot frontage

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Lot depth

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Heating

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Fire place(s)

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