Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

7663 Woodbine Street E, Niagara Falls, ON L2H 1C2 (Lee Ave)
$ 1389000 - MLS : X12304046

From Our Gallery

Description

Convenience Store with two Apartments(Both 2 Bedrooms) Vape store and Open parking space(8 no's). One Package in All. Money making mix commercial & Residential property. Should not be missed Amazing Cap rate at nearly 13%-14% NET NET return. Well Established over 20 years Store Sales growing day by day Plus Lotto commissions $ 53000 a year and Vape store sales growing with 40% returns.(Vape store alone nets $$$$ a month) Additional rental Income from two brand new apartments One is rented for $ 21000 a year and for Apartment 2 is $ 24000 for Apartment NET NET $ 185000 after paying $ 85000 Payroll per year(owner as well) with Absentee Owner. Get this goldmine before its gone.

Location Description

Lee Ave

Property Detail

Community: 213 - Ascot
Property Type: Owner/Commercial
Garages: Outside/Surface
Annual Property Taxes : $ 6285

Lot dimensions: sqft
Baths:

Facts and Features

Parking Type : Outside/Surface

Amenities

Heating : Gas Forced Air Open

Listing Contracted With: HOMELIFE SUPERSTARS REAL ESTATE LIMITED

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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