105 Garafraxa Street S West Grey, Ontario N0G 1R0

$489,000

Prime Corner location - high visibility at Highway 6 and Grey Road 4 in Durham. Attractive façade has been updated with timber accents and sleek black finishes. Main level commercial space is bright, features high ceilings and is home to Studio L.G Aesthetics. There are 3 residential apartments on the 2nd level, all in good condition and home to excellent tenants. There is potential for an additional street-level commercial space with a separate access off Grey Road 4 (Lambton Street). Natural gas hot water boiler, heat pump, updated windows and hot water tanks, 5 separate hydro meters. There is a full basement for additional storage. Building is in great condition and is a good opportunity for a new or seasoned investor with approximately 7% cap rate. Financials and additional information available. (id:42776)

Property Details

MLS® Number	X13224008
Property Type	Retail
Community Name	West Grey

Building

Bathroom Total	4
Cooling Type	Partially Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air, Other, Radiant Heat
Size Interior	3,700 Sqft
Type	Residential Commercial Mix
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	90 Ft
Size Frontage	24 Ft
Size Irregular	24 X 90 Ft
Size Total Text	24 X 90 Ft
Zoning Description	C1

https://www.realtor.ca/real-estate/29835241/105-garafraxa-street-s-west-grey-west-grey