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 Unique Creemore Property

 
 
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Price: $329,000
Status: Active
MLS® #: 432903000130800
Legal Descr.: PLAN 315 S PT LOT 13 RP 51R24601 PART 1, CREEMORE, MUN. OF CLEARVIEW.
Address: 2 FRANCIS ST E
City: CREEMORE, L0M 1G0
Prop known as: CREEMORE
Side of Road: North
Lot Size: 83` X 80` APPROX. (SEE SURVEY)
No# of Feet on Water:  
Approx. Square Feet: 1800-2000 RANGE
Out.Dim.:  
Major Area: OBJ
District: OB
Sub-Dist: CB
Zoning: COM/RES
Possession: 30 DAYS/TBA
Overview Fully tenanted commercial property in downtown Creemore located across from the grocery store on a large corner lot providing maximum exposure. Previously run as the famous “Mad River Teahouse”, this 2 storey building contains a large and bright lower level suitable for office/retail space with beautiful natural gas fireplace, 2 display bay windows, 2 washrooms and large storage room. Upper level with separate entrance has 2 bedroom apt. that has been recently renovated and updated to include new hardwood flooring, kitchen and renovated bathroom. All of this plus a detached studio with hydro, parking, and a large back yard. Fantastic Investment opportunity in a trendy sought after town that provides 4-season recreation and tourism known as the gateway to Collingwood. *Note: Listing Agent is related to Vendor, Vendor is a licensed Real Estate Broker.
Directions North/East corner of Mill Street and Francis Street in Creemore.
Type: Commercial Retail, Office, Residential Units
Sale/lease: Building and Land, For Sale Only
Title to Land: Freehold
Property Size: Under 0.5 Acres
Access:  
Site Influence: Corner Site, High Traffic Location, Highway Access, Shopping Nearby, Treed, Visual Exposure
WF Features: None
Heating: Baseboard, Electric, Natural Gas
Fire Protection: Hydrant, Smoke Detector
Utilities/Services: Electrical, Municipal Sewer, Municipal Water, Natural Gas, Telephone
Rental Equipm.: None
Documents: Land Survey , Leases
Exterior Features: Outside Storage, Partially Fenced
Driveway: Paved
Construction: Wood Frame
Internal Features: Living Accommodations, Window Display
Roof: Metal
Floor: Wood
Inclusions  
Exclusions  
Floors: 2
Rental Income: YES
Building Age: OL
Sign: No UFFI: NO
Lockbox: No SPIS: No
Envir.: None HST: Yes    
Garage: No Gar.Details:  
Water Front: No Water:  
Parking: Yes Park.Dim.:  
Survey: YES    
Type Net Rental Area Rental Rate Occupant Lease Expiry

 
Heating: Tenant Prop.Taxes: Owner Bus.Tax:  
Electricity: Tenant Water: Tenant Insurance: Owner
Int.Maint.: Tenant Ext.Maint.: Tenant Struct.Maint.: Owner
Gross Revenue:   Total Expenses:   Net Income:  
Lease Type: Escalating    
Assessment: $256000 Taxes: $6450 (2010) Improvements: $280.60 (SEWER)
Listing Office: SEA AND SKI REALTY LIMITED Brokerage (KIM) :  
The information contained on this listing form is from sources believed to be reliable. However, it may be incorrect. This information should not be relied upon by a buyer without personal verification. The brokers and agents and members of the REALTORS® Association of Grey Bruce Owen Sound assumes no responsibility for its accuracy. (23-OCT-2010 08:15 EDT)

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