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Future development opportunity in prime high traffic location of St Joseph Blvd corridor! Walking distance to the future LRT extension in Orleans. Zoned Arterial Mainstreet. Property currently rented at $2200/month on a 5 year lease which commenced July 2018. (Agreed $200/month increase every year). Tenants pays heat, hydro & water. 2019 Gross income: $74,400. Total expenses: $9600. Net income: $64,800 (these numbers are across both properties). Properties are eligible for St. Joseph Community Improvement Plan subsidies which is a 75% reimbursement of incremental taxes paid for redevelopment, for a period of 10 years. (id:10452)
|Property Type||Vacant Land|
|Days On Our Website||160|
|Lot Dimensions||0.32 ac|
Listing Office: RE/MAX CORE REALTY INC.
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