Home Information

Opportunity knocks for someone looking for commercial space with your financing supplemented by rental income. The attractive building is located in a high traffic area right on main street Cobden. Building contains 3 units. Main level is the commercial unit (currently a hair salon) with two piece bathroom. Back unit is a 1 bed 1 bath rental currently rented to a long term tenant at $625/mth. The main level is heated by a gas furnace paid by landlord. Upper unit is a 2 bed 1 bath. Tenant has been there 20+ years at $425/mth plus utilities. Current rents are well below market value. Upper unit is heated with a gas wall unit. Two separate gas and hydro meters. Large city lot for possible expansion (buyer to confirm with township). Water and sewer $3600/year. Municipal taxes $2211/year. Investors could easily get $900/month + on the commercial unit. **24 HOUR NOTICE FOR SHOWINGS**