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$1,199,000
Clearview
5287 COUNTY 9 Road, Clearview (New Lowell), Ontario, L0M1N0
This multi-family property in Clearview is for sale offering roughly 2,750 sq ft of space. It has been on the market 1 day, fresher than the Clearview average of 94 days.
Sale of Mixed Use real estate property Situated On A Large Corner Lot With Commercial (C1) Zoning. Property gives flexibility of use with two separate units, each having its own entrance. The main/first unit offers 3 Bedrooms, 1.5 Bathrooms, 2 Spacious Living Rooms, A very large Kitchen, Office, large Loft Space. The second unit includes a large kitchen, living room, bedroom, bathroom, and den/office. Both Units Feature Laundry Hook-Ups. A Detached Garage provides 2 covered parking spaces and up to six or more open parkings. The property has a lot of natural light, Character And Potential. Although this property is currently used as a large family house, it is perfect for any investor seeking rental cash flow or an end user who wishes to live in one unit and rent the other for commercial or residential use. The large backyard allows for additional development, subject to city approvals to build residential or commercial space. Perfect for: Boutique bed and breakfast/hotel, restaurant, medical use (Dentist, pharmacy), any other retail use and many more uses. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 1 day on market, against an average age of 94 days across the listings currently for sale in this city
This 5-bed multi-family in Clearview (New Lowell) has been listed for 1 day, which is 93 days fresher than the city average of 94. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,199,000, about 11.6× the local median household income of $103,000.
Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 127% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0M)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.