Address
212 FURNIVAL Road Rodney, ON
Price
$ 899,000
Property Attributes
  • ID#40190822
  • TypeCommercial
  • CityRodney
  • NeighbourhoodRodney
  • Postal CodeN0L 2C0
  • Style
  • Price$ 899,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
RE/MAX CENTRE CITY REALTY INC., BROKERAGE
Data Source:
Canadian Real Estate Association
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. Also included in the sale is the vacant lot at 165 Victoria Street. 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:7434)

General Features

Building Cooling Type Central air conditioning
Features Corner Site, Paved driveway, Crushed stone driveway
Foundation Type Poured Concrete
Location Description Located on the southwest corner of Furnival Road and Victoria Street.
More Information Link https://www.realtor.ca/real-estate/23858906/212-furnival-road-rodney
Ownership Type Freehold
Property Type Other
Zoning Description C1

Interior Features

Basement Development Unfinished
Basement Type Partial (Unfinished)
Building Fireplace Present False
Building Heating Fuel Natural gas
Building Heating Type Forced air
Construction Style Attachment Detached
Flooring Type Carpeted

Exterior Features

Exterior Finish Brick, Concrete, Steel
Parking Space Total 12
Sewer Municipal sewage system

Amenities

  • 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 N0L 2C0

Price
AVG $570K
$900K
Visits
AVG 12
3
Year Built
AVG 1935
1885