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1651 Erbs Road St. Agatha, Ontario N0B 2L0

Window Air Conditioner Baseboard Heaters Acreage

$1,395,000

A 7 unit plaza in a price of a house now!!! More than one acre lot ,7000 sqft building. Possible extension/development at the back. Great location, Only 3 minutes drive to Waterloo (Ira Needles & Erb). Tenants in different lease terms-from month to month to 2 years remaining. This plaza needs to be revitalized by adding a national/encore brand to get more traffic then revise the rents. The rents has been set low by previous owner that's why ROI is low. This area now under rapid development and growth so an excellent future is foreseen for a long term investment there. Income and expenses details are attached as supplement as well the drone video (id:44449)

Property Details

MLS® Number 40188775
Property Type Other
Features Country Residential
Sign Type Pylon

Building

Basement Development Unfinished
Basement Type Partial (unfinished)
Construction Material Wood Frame
Cooling Type Window Air Conditioner
Exterior Finish Aluminum Siding, Brick, Wood
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters
Stories Total 1
Size Exterior 7000.0000
Utility Water Municipal Water

Land

Access Type Road Access, Highway Nearby
Acreage Yes
Sewer Septic System
Size Depth 208 Ft
Size Frontage 221 Ft
Size Irregular 1.06
Size Total 1.06 Ac|1/2 - 1.99 Acres
Size Total Text 1.06 Ac|1/2 - 1.99 Acres
Zoning Description C2

https://www.realtor.ca/real-estate/23839981/1651-erbs-road-st-agatha

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