494 RIVERDALE - $1,480,000.00

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Property Specs

Price$1,480,000.00
CityWindsor, ON
Address494 RIVERDALE
Listing ID1801018
ConstructionBrick
FlooringCarpeted
ParkingOther
Land Size119.26 X 231.68 FT
StatusFor sale

Extended Features:

Cooling: Heat PumpFoundation: ConcreteHeating: Forced air, Heat PumpHeating Fuel: Natural gasUtility Water: Municipal water

Details:

FANTASTIC RETURN ON INVESTMENT AT 7.46 PERCENT WITH GREAT CASH FLOW. THIS TURNKEY COMMERCIAL RESIDENTIAL INNKEEPERS BUSINESS CAN BE MANAGED WITH LITTLE EFFORT. THIS PROHIBITION ERA PROPERTY IS LOCATED ON THE WATERFRONT WITH ACCESS TO DETROIT RIVER & LAKE ST.CLAIR IN A VERY DESIRABLE RIVERSIDE NEIGHBOURHOOD. BOTH FLOORS HAVE BEEN RENOVATED. A TOTAL OF 7676 SQ FT. THE MAIN FLOOR IS A TURNKEY RESTAURANT TENANTED BY A SUCCESSFULL LONG-TIME RESTAURANT OPERATOR. 2ND FLOOR HAS 12 RESIDENTIAL RENTAL UNITS, FULLY FURNISHED WITH NO VACANCIES. 2 WATERFRONT PATIOS, ONE FOR THE RESTAURANT AND ONE EXCLUSIVE USE FOR THE RESIDENTS. AMPLE ON-SITE PARKING. ASKING PRICE INCLUDES LAND, BUILDING, RESTAURANT/RESIDENTIAL FURNITURE, FIXTURES AND EQUIPMENT AND INNKEEPER BUSINESS. THIS PROPERTY FALLS UNDER THE INNKEEPERS ACT CONTACT L/S FOR FOR INFO (id:4555)
LISTING OFFICE:
Bob Pedler Real Estate Limited

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