Issuu

Presenting...

125 BROADWAY ORANGVILLE

presented by:

INVESTMENT OPPORTUNITY

Main floor commercial Unit – main level is approximately 1,750 sq.ft. , plus 230 sq.ft. storage room at rear 

Additional storage/display area in the basement of approximately 890 sq.ft.



Two bathrooms on main level



Full leasehold improvements completed by current tenant in 2019



Operating as a pastry shop, restaurant and catering company



Rear lane access for deliveries from “Dairy Lane”



Commercial unit has two rear parking spaces

BRIGHT & CHEERY Apartment #1 – comprised of two levels   

      

Approximately 1,200 sq.ft. Original wood staircase and trim Main level is 13 ft. ceilings, large foyer, living room, dining room and full kitchen with stainless steel refrigerator, stove, microvent, dishwasher, quartz countertops 2nd level has 2 bedrooms, updated bathroom with tile/glass shower Primary bedroom has spacious walk-in closet Closet laundry with washer & dryer Has its own furnace, central air conditioning & hot water tank Two tandem parking spaces at rear Windows overlook Broadway Beautifully updated 2018-2019, great vibe & classic accents

Apartment #2 – one level    



  

Approximately 700 sq.ft. 1 bedroom plus enclosed rear sunroom/ porch for large entry 13 foot ceilings Updated kitchen with stainless steel refrigerator, stove, dishwasher, quartz countertops Includes combination clothes washer/ dryer Baseboard heating & window air conditioning unit Beautifully updated 2018-2019 & chic décor throughout No parking for this unit – tenant rents from neighbouring property at $50.00/ month

ROOMS

CLASSIC CHARM & MODERN AMENITIES

BUILDING I N F O R M AT I O N             

Built in 1863 Updated wiring & plumbing Rubber membrane roof Original wall safe located in basement Fire inspection performed annually Separate hydro meters for 3 units Separate gas meters for 2 units Sump pump in commercial unit – December 2018 Furnace in commercial unit – December 2020 Air conditioning in commercial unit – September 2017 Hot water tank in Apt. 1 – May 2017 Water softener to entire building – May 2017 All equipment at building is owned (hot water tank in commercial space is owned by tenant)

INCOME FROM LEASES: Commercial Unit  $3,713.87 per month – Plus, tenant pays hydro, gas, water, BIA levy  This tenant has a 5 year lease dated May 1, 2019 with option to renew for another 5 year term  Annual increases are built into the lease  Leasehold improvements of $10,000.00 have already been paid to this tenant Apartment #1  $2,350.00 per month, includes water – Plus, hydro and gas Apartment #2  $1,850.00 per month, includes water – Plus hydro

OFFERING RESIDENTIAL SPACE WITH A CHIC DOWNTOWN LIFESTYLE

Total annual income - $94,966.44

EXPENSES – 125 Broadway, Orangeville Taxes – Building Insurance – Water – Shared Hallway Fees – Fire Inspection Expense total Net Income -

$ 6,989.47 5,454.00 1,800.00* 865.92 550.00 _________ $ 15,659.39 _________ $ 79,307.05

* This amount is deducted from total water bill as a portion dedicated to the two residential apartments and paid for by Landlord– the remainder of the water bill is paid by the commercial tenant. **NOTE: All square footage references are approximate only.

PROPERTY LOCATION Great proximity to downtown shops, restaurants, theatre, parks, farmers market, public transit, and more.

LISTING DETAILS

PARTIAL SURVEY