for sale elgin, ontario $385,000 | 2,660 + sf | investment ... · 5.07.2018  · 5 & 9 water...

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Providing Solutions 20 Gore Street, Suite 102 Kingston, Ontario K7L 2L1 www.rtcr.com All information provided is deemed reliable but is not guaranteed and should be independently verified. Sale Price: Available Area: Zoning: Water/Sewer: 5 & 9 Water Street, Elgin, Ontario $385,000 | 2,660 + SF | Investment Property Kostas Doulas Broker of Record 613-384-1997 ext. 17 [email protected] Stephen Gray Sales Representative 613-384-1997 ext. 19 [email protected] $385,000 Over 2,660 SF 1,460 SF (Restaurant) > 1,200 SF (Separate Building > with office space) Plus 3-bedroom apartment > space above the restaurant) CL Bored Well/Holding Tank FOR SALE PROPERTY FEATURES Ÿ Enjoy country life with an established and profitable restaurant/pizzeria with existing income Ÿ Also includes one 3-bedroom apartment above and a separate building (occupied by the same tenant for many years) Ÿ Abutting vacant lot may also be purchased for an additional $50,000 Ÿ To qualified buyers, a first VTB may be possible. For financial and other information, please contact the listing agents to sign a Confidentiality Agreement LIVE AND WORK WITH RENTAL INCOME, ALL IN ONE LOCATION Restaurant & Apartment Separate Building/Office Space

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Page 1: FOR SALE Elgin, Ontario $385,000 | 2,660 + SF | Investment ... · 5.07.2018  · 5 & 9 Water Street, Elgin, Ontario $385,000 | 2,660 + SF | Investment Property Kostas Doulas Broker

Providing Solutions20 Gore Street, Suite 102Kingston, OntarioK7L 2L1www.rtcr.com

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Sale Price:

Available Area:

Zoning:

Water/Sewer:

5 & 9 Water Street, Elgin, Ontario$385,000 | 2,660 + SF | Investment Property

Kostas DoulasBroker of Record

613-384-1997 ext. [email protected]

Stephen GraySales Representative

613-384-1997 ext. [email protected]

$385,000

Over 2,660 SF 1,460 SF (Restaurant)> 1,200 SF (Separate Building > with office space) Plus 3-bedroom apartment > space above the restaurant)

CL

Bored Well/Holding Tank

FOR SALE

PROPERTY FEATURES

Ÿ Enjoy country life with an established and profitable restaurant/pizzeria with existing income

Ÿ Also includes one 3-bedroom apartment above and a separate building (occupied by the same tenant for many years)

Ÿ Abutting vacant lot may also be purchased for an additional $50,000

Ÿ To qualified buyers, a first VTB may be possible. For financial and other information, please contact the listing agents to sign a Confidentiality Agreement

LIVE AND WORK WITH RENTAL INCOME, ALL IN ONE LOCATION

Restaurant & Apartment

Separate Building/Office Space

Page 2: FOR SALE Elgin, Ontario $385,000 | 2,660 + SF | Investment ... · 5.07.2018  · 5 & 9 Water Street, Elgin, Ontario $385,000 | 2,660 + SF | Investment Property Kostas Doulas Broker

All information provided is deemed reliable but is not guaranteed and should be independently verified.

FOR SALE

PROPERTY DETAILS

ZONING

6.2 Local Commercial (CL) Zone

1. Permitted Uses

Ÿ Accessory dwelling Ÿ Accessory dwelling unitŸ Antique shop Ÿ Bank Ÿ Bed and breakfast Ÿ Clinic Ÿ Community service Ÿ Custom workshop Ÿ Open market (#2016-36 – July, 2016) Ÿ Personal service Ÿ Professional or business office Ÿ Retail store Ÿ Restaurant Ÿ Single dwelling

Source: Township of Rideau Lake

RECENT UPGRADES

Many Recent Upgrades Include:

Ÿ New steel roof (2012)Ÿ New propane tank (service providers)Ÿ New flooring in restaurant

(entranceway)Ÿ New windowsŸ New air conditioning (3 years ago)Ÿ New stove and fryer (3 years ago)

WATER

STR

EET KIN

GSTO

N STREETProperty

Location Available Vacant

Lot

*outline is approximate

Restaurant/Apartment Rear Separate Building/Offices Rear

$385,000 | 2,660 + SF | Investment Property

5 & 9 Water Street, Elgin, Ontario

Page 3: FOR SALE Elgin, Ontario $385,000 | 2,660 + SF | Investment ... · 5.07.2018  · 5 & 9 Water Street, Elgin, Ontario $385,000 | 2,660 + SF | Investment Property Kostas Doulas Broker

All information provided is deemed reliable but is not guaranteed and should be independently verified.

FOR SALE

INTERIOR PHOTOGRAPHS

Restaurant Interior Restaurant Interior

Restaurant Kitchen Restaurant Kitchen

Office Interior (Separate Building) Office Interior (Separate Building)

$385,000 | 2,660 + SF | Investment Property

5 & 9 Water Street, Elgin, Ontario

Page 4: FOR SALE Elgin, Ontario $385,000 | 2,660 + SF | Investment ... · 5.07.2018  · 5 & 9 Water Street, Elgin, Ontario $385,000 | 2,660 + SF | Investment Property Kostas Doulas Broker

All information provided is deemed reliable but is not guaranteed and should be independently verified.

FOR SALE

PROPERTY LOCATION

Property Location

HIGHWAY 15

WILSON ST

DAV

ID LO

CK RD

WATER

ST

KIN

GSTO

N ST

PERTH ST

Property Location

MAIN

ST

HA

LLAD

AY ST

SOUTH CROSBY PUBLIC SCHOOL

Location:

Parking:

Situated off Highway 15, by the intersection of Water Street and Queen Street

Free street parking and municipal parking lot

$385,000 | 2,660 + SF | Investment Property

5 & 9 Water Street, Elgin, Ontario