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188-192 RAGLAN STREET S, Renfrew K7V 1R1 · 2020. 3. 27. · Moe Mcilwain Real Estate Salesperson...
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2020-02-07 188-192 RAGLAN STREET S, Renfrew K7V 1R1 ML#: 1174913 Status: Active List Price: $329,900.00 Dist/Neigh: 540- Renfrew Lease Rate: Municipality: Trans Type: Sale Neigh Name: Renfrew Sub Type: Retail Site Area: Lease Type: Lot Size: 51.41 ' x 119.58 ' Irregular Fronting: Southwest Zoning: COMMERCIAL/MIXED USE - General Mixed Use (GM) # Acres: Zoning Desc: Commercial Bldg Sqft: 4,500 Ind 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 a profit! Selling for less than $100 a sq ft! Gross income starting Mar 1: $42,000/yr (upstairs office is vacant - can be converted to residential apartments) - Expenses; $13,804/yr. TOTAL CURRENT NOI: $28,196/yr. BUT... the upstairs 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 be converted to apartments (Seller has engineer drawings for a layout of 3 apartments + office space, avail upon request). Approx 4500 sq ft total (2250 each floor). If you keep as office upstairs and rent it at that rate the Projected NOI is $48,596/yr. IF you make it apartments, it could be $60,008/yr (projected). EITHER WAY... This is 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: 2250 UsableSqft: 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): $13,804 Garbage: 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, Retail Exist 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, Brokerage Conditional/Sold/Other Information FD: PR: CD: DOM: SD: SP: SRD: All rights reserved. Information herein deemed reliable but not guaranteed. Generated on 02/07/2020 9:47:25 AM
Transcript of 188-192 RAGLAN STREET S, Renfrew K7V 1R1 · 2020. 3. 27. · Moe Mcilwain Real Estate Salesperson...
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
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GENERAL INFORMATION
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