For Sale – 8-10 Wellington St , Clarington, Ontario

Turn Key Cash Positive Investment In Rapidly Growing Municipality Clarington. Gross Monthly Income $4363.00. Net Yearly Income Of $39,548.75 Cap Rate Of 5.733%. Long Term Tenants, Low Overhead, Low Maintenance Building. Price To Sell. Building Needs Some Updating But Has Great Future Potential. Sold As Is. Property Has Been Operating As A Multiplex For 50 Plus Years. Property Is Not Legal Non Conforming. Currently Zoned R1-12.

  • Address: 8 Wellington Street, Clarington, Ontario 
  • Municipality: Clarington 
  • Type: Commercial 
  • Property Type: Investment 
  • Sale/Lease: Sale 
  • Price: $687,900 
  • Price Code: For Sale 
  • Area: 564 
  • Total Area Code: Sq Metres 
  • Zoning: R1-12 
  • Taxes: $4,181.64 
  • Tax Type: Annual 
  • Tax Year: 2018 
  • Unit Code: Building 
  • Lot Front: 81.27 
  • Lot Depth: 0.00 
  • Lot Size Code: Feet 
  • Garage: None 
  • Heating: Baseboard 
  • Extras: Potential For Future Laundry Rm In Utility Area For Add'l Income. 5 Pking Spaces, Close To Transit & All Amenities. Very Strong Rental Market In Clarington W/Several Growth/Infrastructure Projects Underway, Go/Metrolinks, 407, Opg, Hospital 
  • Listing Brokerage: Royal Service Real Estate Inc., Brokerage 

  • Share

  • Inquire

    If you would like more information about this listing please use the form below and someone will respond to you promptly.