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Woodstock,ON N4S 1B7
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 4,095 sqft
Price per Sqft $178
MLS Listing ID 40637387
Abv Grd Liv Area 4,095
Originating Board Woodstock-Ingersoll Tillsonburg
Annual Tax Amount $3,515
Property Description
Commercial Building in a Prime Location in Woodstock. The C5 zoning (Central Commercial) permits a
variety of uses, ideal for legal, medical, retail, deli, salon, etc. The building offers multiple
entrances. The main floor retail area is approximately 1365 sqft and is currently rented to a
well-known restaurant. The second and third floors are residential, consisting of four 1-bedroom,
1-bath apartments each with a kitchen. All apartments are currently rented out. There are 6 parking
spots at the back of the building, with additional street parking also available. There are 2 bathrooms
in the basement for restaurant and general use, along with an unfinished area for restaurant storage.
Each unit has a separate hydro meter. Property taxes and water bills are paid by the landlord, while
the rest of the utilities are paid by the tenants. The property has significant potential and generates
approximately $60,000 in gross rent. Offering 6.3% Cap rate.
Location
Province ON
County Oxford
Area Woodstock
Zoning C5 Central Commercial
Direction Dundas St & Vansittart Ave
Rooms
Basement Partial
Kitchen 0
Interior
Fireplace No
Exterior
Parking Features Gravel
Lot Frontage 26.68
Lot Depth 116.09
Garage No
Building
Lot Description Ample Parking,High Traffic Area,Hospital,Public Transit,Schools
Faces Dundas St & Vansittart Ave
Story 3
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 001030008
Ownership Freehold/None