5301 Nauvoo Road
Warwick, ON
- 2,800 sqft
- Store W Apt/Office
- 610 days on market
New low asking price of $499,00.00 for a quick sale by a motivated seller. A commercial/residential investment opportunity awaits you in downtown Watford. This building has double access from Nauvoo Road (Main Street) or at the rear of the building. The main floor has a commercial take-out restaurant up front, with a spacious one-bedroom apartment at the rear. The second floor consists of two, one-bedroom apartments. All units have had extensive interior renovations recently. These four units are all rented with high-value rent, showing an impressive Cap Rate of 8%. The tenants pay the hydro, heat, water, and tenant liability insurance. High-speed unlimited fibre optic internet is available at the tenants cost. Note: the low property taxes of $928.00. This building is a turnkey operation and is a perfect investment opportunity for you. Just take over as an investment or live in one unit yourself and let the tenants pay the mortgage. Professional property management for this building can be arranged. **EXTRAS** Plenty of parking at the rear or on the street and across the street in the public lot. In an effort not to disturb the tenants, please view the interior pictures provided, taken after renovations , with this listing.
Listing Details
- Taxes (2024)
- $928
- Originally Listed
- $560,000
- Listed
- January 7, 2025
Price History
Property
- Age
- 100+
- Lot Size
- 22 x 132 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Ontario Street
- Zoning
- C1 1
- Parcel Number
- 430640283
- Occupancy
- Tenant
Commercial
- Office / Apartment Area
- 2440 Sq Ft
Community
Postal area N0M
- Population
- 69,177
- Private dwellings
- 32,011
- Median age
- 46
- Average household size
- 2.5
- Median household income
- $91,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Warwick · last 12 months
- Median sold price
- $547,500
- Homes sold
- 24
- Median days on market
- 40
- Sale-to-list price
- 96.5%
Based on 24 recorded sales of commercial properties in Warwick over the last 12 months.
Listed by
SHANAHAN REALTY INC.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 2,800 sq ft
- Price per sq ft
- $178.21
- Annual property tax
- $928
- Tax per sq ft
- $0.33
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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