187 MAIN Street S Mount Forest, ON
$ 1,998,000
Property Attributes
  • ID#40061738
  • TypeCommercial
  • CityMount Forest
  • Postal CodeN0G 2L0
  • Style
  • Price$ 1,998,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Lot Size1 Acres
Listing Provided Courtesy Of:
Data Source:
Canadian Real Estate Association
Property Description

This property offers an excellent rate of return for a sound, passive investment. This building contains 12 residential units and one commercial unit. All units have been completely updated and refurbished within the last year as have the electrical, plumbing and heating systems. The entire building has a new, monitored fire/smoke/security alarm system. The residential portion has a controlled entry system. Commercial unit pays all property operating expenses; heating, electricity, property & liability insurance, property taxes and yard/lot maintenance. Commercial tenant is on a 5 year lease with option to renew for 5 years. Gross and net incomes are $169,000 per year. There is ample opportunity for future expansion or an addition on this 1 acre lot. Property management contract may be assumed. Motivated Seller. (id:7434)

General Features

Ammenities Hospital, Place of Worship, Playground, Schools, Shopping
Building Appliances Water softener
Building Cooling Type Central air conditioning
Community Features Community Centre
Features Paved driveway, Crushed stone driveway
Foundation Type Stone
Location Description See Municipal
More Information Link
Ownership Type Freehold
Property Type Other
Zoning Description C1

Interior Features

Basement Development Unfinished
Basement Type Full (Unfinished)
Building Fireplace Present False
Building Heating Fuel Natural gas
Building Heating Type Boiler, Forced air, Hot water radiator heat
Construction Material Wood frame
Construction Style Attachment Detached
Flooring Type Carpeted, Laminate, Linoleum

Exterior Features

Exterior Finish Brick, Wood
Land Amenities Hospital, Place of Worship, Playground, Schools, Shopping
Parking Space Total 50
Sewer Municipal sewage system


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in N0G 2L0

AVG $180K
AVG 11
Year Built
AVG 1900