Description

Character & Charm resonates throughout this beautifully maintained, unique & rare 6 unit multi-purpose, double brick “Dunnville Icon” – incs 2 Commercial Units & 4 Residential Units. The majestic 5,647sf building enjoys impressive corner frontage on Maple St. & Alder St. – located in the heart of this vibrant Grand River town offering close proximity to downtown shops/eateries, schools, churches & River parks. Originally constructed as church in 1870 – then retrofitted in 1910 to its current design bordering huge asphalt parking lot (owned by adjacent neighbor). Recent “Big Ticket” updates inc new windows (exclude 1 palladium window) & ext. doors since 2015 + new roof covering-2021. 2 Commercial units offer large open retail spaces, 11ft ceilings, orig. wood plank flooring, newer forced air n/g furnace (supplies both units) & 1 washroom (shared by both units). Versatile unfinished 865sf unit incs swing-style doors facing Alder St. – minimal cost to renovate into potential Commercial or Residential rental space. Residential units inc – 1 main level – 2 bedroom unit & 3 upper level – all 2 bedroom units. Said units are fully rented generating aprox-$37,795 annual gross income/annual net income aprox-$24,792. Substantial upside to increase NOI as current rent is well below present market rent. Allow 24-48 hrs irrev. for showings. MPAC indicates building is deemed a 5-plex – Buyer agrees to accept current zoning on completion. Excellent Investment Property w/a Touch of Nostalgia! (id:48944)