108 Elgin Street Brantford, Ontario N3S 5A3
$595,000
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. (id:47351)
Property Details
| MLS® Number | 40559689 |
| Property Type | Office |
| Amenities Near By | Public Transit |
| Community Features | High Traffic Area |
| Parking Space Total | 3 |
Building
| Basement Type | Partial |
| Exterior Finish | Stucco |
| Stories Total | 1 |
| Size Exterior | 269.0000 |
| Size Interior | 269 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 122 Ft |
| Size Frontage | 24 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C7, R1c |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26652982/108-elgin-street-brantford
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 16 2024 04:16:50
Oakville, Milton & District Real Estate Board
Real Broker Ontario Ltd.