Property Information:
Commercial Building in a Prime Location in Woodstock. The C5 zoning (Central Commercial) permits avariety of uses, ideal for legal, medical, retail, deli, salon, etc. The building offers multipleentrances. The main floor retail area is approximately 1365 sqft and is currently rented to awell-known restaurant. The second and third floors are residential, consisting of four 1-bedroom,1-bath apartments each with a kitchen. All apartments are currently rented out. There are 6 parkingspots at the back of the building, with additional street parking also available. There are 2 bathroomsin the basement for restaurant and general use, along with an unfinished area for restaurant storage.Each unit has a separate hydro meter. Property taxes and water bills are paid by the landlord, whilethe rest of the utilities are paid by the tenants. The property has significant potential and generatesapproximately $60,000 in gross rent. Offering 6.3% Cap rate.
