2020-02-07 188-192 RAGLAN STREET S, Renfrew K7V 1R1 ML#: 1174913

Status: Active List Price: $329,900.00Dist/Neigh: 540- Renfrew Lease Rate:Municipality: Trans Type: SaleNeigh Name: Renfrew Sub Type: RetailSite Area: Lease Type:Lot Size: 51.41 ' x 119.58 ' Irregular Fronting: SouthwestZoning: COMMERCIAL/MIXED USE -

General Mixed Use (GM)# Acres:

Zoning Desc: Commercial Bldg Sqft: 4,500Ind Type: Total Sqft:Occupancy:Title: Freehold

Legal: PT LT 7, W/S RAGLAN ST, PL 11; PT LT 7, E/S ARGYLE ST, PL 11,AS IN R421330 ; TOWN OF RENFREW

Directions/Remarks

Directions: From Highway 417 West, turn left onto Gillan Road, Turn left onto ON-60W, Destination will be on the right

Public Remarks: DIAMOND in the rough... Flip property- CASH FLOW WHILE YOU RENOVATE! ADD VALUE and refinance or sell for aprofit! Selling for less than $100 a sq ft! Gross income starting Mar 1: $42,000/yr (upstairs office is vacant - canbe converted to residential apartments) - Expenses; $13,804/yr. TOTAL CURRENT NOI: $28,196/yr. BUT... theupstairs is vacant. Do you want to use it for an OFFICE? Or fix and flip OR fix and hold as Residential apartments?Details: Two retail spaces ($2000 and $1500) and Office space upstairs (vacant - est. $1700/mo) can beconverted to apartments (Seller has engineer drawings for a layout of 3 apartments + office space, avail uponrequest). Approx 4500 sq ft total (2250 each floor). If you keep as office upstairs and rent it at that rate theProjected NOI is $48,596/yr. IF you make it apartments, it could be $60,008/yr (projected). EITHER WAY... Thisis can be your cash cow! Currently cash flowing without upstairs rented... call now!

General/Industrial/Warehouse

NOI: $48,596 Ann Gross Inc: $62,400 Op Cost/Yr: $13,804.00Oth Cost Yr:Year Built: 1900/Approx Unit of Measure: Master Record:RentSqft: OfficeSqft: 2250 Warehs Sqft: Retail Sqft: 2250UsableSqft: 4500 OtherSqft: VacSqft: Sign:Tenancy: Parking: Add Cost: Esc/Yr%:Power: Ceiling Height: Loading:Lease Option: Existing Improv:Ten Inducements:Fire Retrofit: Enviro Assess: Fire Protection:Management Co: Manage Phone:

Apartment/MultiFamily

#Storeys: Tot # Units: # Bach Units: 1 Bedrm Units: 2 Bedrm Units: 3 Bedrm Units:#Oth Units: Tot # Park: 4 # Surf Park: # Under Park: # Deck Park: # Elevators:Rooming Lic:

Management: Supply: Rental Inc: Vac Loss:Prop Taxes: $7,404 Advertising: Parking Inc: ADS:Insurance: Security: Other Inc: Cash Flow:Water/Sewage: Lawn/Snow: Vacancy %:Heat: Elevators:Hydro: Maintenance: Annual Gross Income:Cable TV: Wage: Total Expenses (TOE): $13,804Garbage: Other: Gross Operating Income:Legal: Net Operating Income: $48,596

Business

Bus Type: Hosp Type: Name:#FT/PT: # of Parking: 4 Rent Details:Lease Exp: Lease Option:Bus Taxes/Year: Gross Sales/Yr: Hrs of Op:Inventory: Size Prem:

Land

Serv: Pot Use: Apartment 5+Units, Office, RetailExist Improv: # Acres:

Other Information

Taxes/Yr: $7,404.00/2019 Assmt/Yr: Survey/Yr:Lease:

Office Information

List Office #1: RE/MAX HALLMARK REALTY GROUP, BrokerageConditional/Sold/Other Information

FD: PR: CD:DOM: 92 SD: SP:SRD:

All rights reserved. Information herein deemed reliable but not guaranteed. Generated on 02/07/2020 9:47:25 AM

Moe McilwainReal Estate Salesperson

613-299-3100Moe@InvestProperty.cawww.InvestProperty.ca

C T RR , O

GENERAL INFORMATION

2,200 SF

2,200 SF

C T RR , O

DEMOGRAPHICS

Moe McilwainReal Estate Salesperson

613-299-3100Moe@InvestProperty.cawww.InvestProperty.ca

Sjdolormente