Property Information:
Introducing 108 Elgin, a gem located in the dynamic mix of residential and industrial zones. This dual-zoned (C7 and RIC) property has been extensively updated, including electrical systems, ceilings, plumbing, walls, flooring, and exterior features. These enhancements render it highly adaptable for various business opportunities. Its prime location ensures easy access to downtown areas and major highways.Currently, it hosts a successful Fish and Chip take-out restaurant, with a tenant in place on a 2-year lease, contributing $2000 monthly. Tenants are responsible for their own utility costs and cover 50% of the property taxes. The property also includes five parking spaces for convenience.A significant aspect of this property is the potential for development; city regulations allow for a two-storey secondary commercial unit of up to 225 square meters on the rear lot. Additionally, there exists the possibility to request a zoning change to residential, offering further development opportunities.
Inclusions: Hood Fan, Hot Water Heater (Owned).
Exclusions : Tenant's Personal Effects.
