INVESTORS - TAKE A CLOSER LOOK AT THE NUMBERS. This mixed-use property in the heart of Teeswater combines immediate residential income with significant commercial upside. Four residential apartments are fully occupied, generating $6,000 per month / $72,000 per year in current gross rental income. The approximately 2,500 sq. ft. commercial component offers the opportunity to generate an additional $30,000 annually when fully leased, bringing potential total gross income to approximately $102,000 per year. At the current asking price of $549,000, that's a compelling income opportunity. The commercial space is being offered at $7.00/sq. ft. plus approximately $5.00/sq. ft. TMI and may also appeal to an owner/operator looking to run a business while the four apartments help carry the property. Approximately 5,000 sq. ft. in total with C1 zoning and a prominent Clinton Street location. Buy the existing income and unlock the commercial potential.
| MLS # | X13721288 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 79 |
| Listing Provided By | SUTTON GROUP - SELECT REALTY | X13721288 798000 |
| SQ Feet | 5,000 |
|---|---|
| Acreage | 0.11 |
| Cooling | Partial |
|---|
| Community Features | Major Highway |
|---|---|
| Security Features | No |
| Utilities | Yes |
|---|
| Tax Annual Amount | 8963 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| County | Bruce |
| City | South Bruce |
| Postal Code | N0G 2S0 |
| Area | South Bruce |
| Listing VS Median (in N0G 2S0) | |
Price: $549,900 low | high Med: $619,950 sqft: 5,000 low | high Med: 2,180,500 $ / sqft: $110 low | high Med: $55 On site: 79 low | high Med: 90.5 | |
| Province | ON |
|---|---|
| County | Bruce |
| City | South Bruce |
| Postal Code | N0G 2S0 |
| Area | South Bruce |
| Listing VS Median (in N0G 2S0) | |
Price: $549,900 low | high Med: $619,950 sqft: 5,000 low | high Med: 2,180,500 $ / sqft: $110 low | high Med: $55 On site: 79 low | high Med: 90.5 | |