Properties

Property Description

This is an amazing investment opportunity yielding a cap rate of 6.6% based on the listing price. Net operating income of 59,071.00. Built around 1885, this historic landmark building in Rodney became a funeral home in 1930 and is owned by Denning Funeral Directors Ltd. The current owners are offering to lease back the funeral home space for a five year term commencing at $4.000.00 per month on a net basis including a 3% annual escalation in the base rent. The main level consisting of approximately 5,500 square feet including the rear addition built in 1992 on a concrete pad has been impeccably maintained through through. The second level is a two bedroom apartment rented at $1,400.00. The sale also includes a vacant lot on the north side of Victoria Street, municipally known as 212 Furnival Road Alley that is used for parking. Copy of current rent roll, main floor building plan and zoning information available to interested parties. For historical information on this building, visit the link: https://westelginfuneralhome.com/939/Rodney-History.html (id:45086)

Features
: Forced Air
: Central Air Conditioning
: Partial (unfinished)
Unfinished
Detached
False
Brick, Concrete, Steel
: Carpeted
2
Corner Site, Paved driveway, Crushed stone drivewa
12
Address Map
Canada
Ontario
Rodney
N0L2C0
FURNIVAL
212
Road
0
W82° 19' 7''
N42° 33' 57.8''
Additional information
RE/MAX CENTRE CITY REALTY INC., BROKERAGE
: Municipal Water
: Municipal Sewage System
$0
0
: Highway Nearby, Road Access
: Alarm System
: Natural Gas
Freehold
: Poured Concrete
124 ft
58 ft
13
RE/MAX Ontario Atlantic Canada Inc

Other

212 FURNIVAL Road, Rodney, Ontario N0L2C0

0 Bedrooms
0 Bathrooms
0 Sqft
$899,000
Listing ID #40190822
Basic Details
Property Type : Other
Listing Type :
Listing ID : 40190822
Price : $899,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 0
Lot Area : 0 Sqft
Your Friends in Real Estate Team
Aros Realty Ltd Brokerage
1093 Gainsborough Rd
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