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$ 1,600,000
Est. payment /mo
Active
109 Old Kingston RD #19 Ajax, ON L1T 3A6
5,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,300 sqft
Price per Sqft $301
Subdivision Central West
MLS Listing ID E12330316
Annual Tax Amount $10,824
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Calling all investors and business owners!! Income generating! Positive cash flow! This unique property features a well-established German-style restaurant on the main floor, boasting over 20 years of successful operation. It includes a walk-in cooler, a secondary prep kitchen, an office, and ample storage space in the basement. The second floor offers two self-contained apartment units, each with its own private entrance. One unit includes 2+1 bedrooms, an oversized living room, a full-sized kitchen, and a private bathroom. The other unit features 1+1 bedrooms, an open-concept kitchen and living area, and a charming sun-filled octagonal den, perfect for a home office with best view in the town. All units are currently leased, generating over $10K/month rental income. With a solid rental history and reliable cash flow, this mixed-use property presents a secure and high-potential investment in a vibrant, growing community.
Location
Province ON
County Durham
Community Central West
Area Durham
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Others
Security Features Partial
Listed by CENTURY 21 INFINITY REALTY INC.