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480 Main Street Woodstock, New Brunswick E7M 2C1

Air Conditioned

$399,000

An excellent opportunity for someone looking for investment. The building is divided with the commercial tenants on the main floor and the lower level is residential with 3 one bedroom apartments and 1 two bedroom apartment as well as a small utility room. Apartments come with appliances including washers and dryers. 3 have dishwashers as well. Great location with a large parking area. Heating/power is included in the rent which is approximately $925 average per month, Water/Sewer approximately $2100 annually, Insurance approximately $1,500 per year. Income as follows: Commercial Space on main floor - plus HST on the amounts. Unit 2 $800, currently vacant. Unit 3 $1,000, unit 4 $900, currently vacant, Unit 5 $600 currently vacant. The 3 vacant commercial units were vacated due to the COVID situation, tenants couldn't hang on. Might be beneficial for new owner to convert the upper level to residential units. The vendor has applied and received permission from the Planning Advisory Committee to allow the addition of 3 residential units on the main level. Should the new owner want additional residential units on the main level then they would need to apply again to the Planning Advisory Committee. (id:42007)

Business

Business Type Other
Business Sub Type Offices

Property Details

MLS® Number NB074318
Property Type Office
Equipment Type Other
Features Visual Exposure
Rental Equipment Type Other

Building

Cooling Type Air Conditioned
Exterior Finish Hardboard
Fire Protection Smoke Detectors, Alarm System
Fireplace Present No
Heating Fuel Electric
Roof Material Metal
Roof Style Unknown
Total Finished Area 6927 Sqft

Land

Acreage No
Size Irregular 1261
Size Total 1261 M2
Size Total Text 1261 M2

https://www.realtor.ca/real-estate/24549605/480-main-street-woodstock

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