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212 FURNIVAL Road
Rodney ON N0L2C0 Canada

$899,000

Active Listing ID 40190822
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Freehold

$899,000

Active Listing ID 40190822
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212 FURNIVAL Road This is an amazing investment opportunity yielding a cap rate of 6.6% based on the listing price. Net operating income of 59, 071.00. Built around 1885, this historic landmark building in Rodney became a funeral home in 1930 and is owned by Denning Funeral Directors Ltd. Also included in the sale is the vacant lot at 165 Victoria Street. The current owners are offering to lease back the funeral home space for a five year term commencing at $4.000.00 per month on a net basis including a 3% annual escalation in the base rent. The main level consisting of approximately 5, 500 square feet including the rear addition built in 1992 on a concrete pad has been impeccably maintained through through. The second level is a two bedroom apartment rented at $1, 400.00. The sale also includes a vacant lot on the north side of Victoria Street, municipally known as 212 Furnival Road Alley that is used for parking. Copy of current rent roll, main floor building plan and zoning information available to interested parties. For historical information on this building, visit the link: https://westelginfuneralhome.com/939/Rodney-History.html (id:203)

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Property Features

  • Facts
  • Property Type: Other
  • Property Sub-type: Freehold
  • Land.Acreage: false
  • ParkingSpaceTotal: 12
  • Features
  • Cooling System: Central air conditioning
  • Exterior Finish: Brick, Concrete, Steel
  • Floor Covering: Carpeted
  • Heating Fuels: Natural gas
  • Heating Systems: Forced air
  • Features: Corner Site, --- Paved driveway, --- Crushed stone driveway
Listing Changed: 1/20/2022 4:59:06 PM GMT
Source Updated Date: 1/20/2022 10:00:48 PM GMT

Courtesy of: MEL F. VETERO, Salesperson, RE/MAX CENTRE CITY REALTY INC., BROKERAGE