42 Queen Street Morriston, Ontario N0B 2C0
$849,900
This iconic building in the village of Morriston is a Great opportunity for investors looking for a high return on investment or for someone looking to run their own business. High cap rate at 7%. Many commercial uses including retail, office or service based businesses permitted. This unique property comes with a spacious 2 bedroom apartment for live/work lifestyle or earn rental income. The two floor residential living space offers a huge balcony with a gorgeous view. This spectacular building is centrally located near all major cities in Southern Ontario and just off 401. The commercial part of the building is currently tenanted and is being setup as a convenient store, pizza and dry cleaning operation. This 5573 sq ft, building has gone under many major upgrades, renovations and additions in the last 10 years. It stands on a two feet thick solid rock foundation, with triple brick wall construction. The huge wooden beams and framing is constructed from solid butter nut wood. A hot Tub with engineered reinforcement in the floor to hold the weight properly, three gas fireplaces and bar. Lots of free parking in the area and at the back of the property. Township and County are investing in improving and beautifying this corridor. There is a high end residential community being built right next door. There is also a by-pass around Morriston planned by the Provincial Government (id:33823)
Business
| Business Type | Retail and Wholesale |
Property Details
| MLS® Number | 30759503 |
| Property Type | Retail |
| Amenities Near By | Public Transit |
| Parking Space Total | 6 |
Building
| Cooling Type | Air Conditioned, Central Air Conditioning |
| Heating Type | Forced Air |
| Type | Retail |
| Utility Water | Well |
Parking
| No Garage |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 267 Ft |
| Size Frontage | 55 Ft |
| Size Irregular | 0.2 |
| Size Total | 0.2 Ac|under 1/2 Acre |
| Size Total Text | 0.2 Ac|under 1/2 Acre |
| Zoning Description | Commercial Mixed Use |
https://www.realtor.ca/PropertyDetails.aspx?PropertyId=21078078
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January 03 2020 05:17:23
Guelph & District Association of REALTORS®
Realty Executives Edge Inc