316 Maple Street Dunnville, Ontario N1A 2G5
$950,000
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:50964)
Business
| Business Type | Residential |
| Business Sub Type | Residential |
Property Details
| MLS® Number | H4158605 |
| Property Type | Multi-family |
| Equipment Type | None |
| Features | Paved Driveway |
| Parking Space Total | 10 |
| Rental Equipment Type | None |
Building
| Appliances | Window Coverings |
| Architectural Style | 2 Level, Multi-unit |
| Basement Development | Unfinished |
| Basement Type | Crawl Space (unfinished) |
| Constructed Date | 1870 |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Exterior | 5647 Sqft |
| Size Interior | 5647 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 116 Ft |
| Size Frontage | 55 Ft |
| Size Irregular | 0.14 Acres |
| Size Total Text | 0.14 Acres|under 1/2 Acre |
| Soil Type | Clay |
https://www.realtor.ca/real-estate/25433550/316-maple-street-dunnville
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April 04 2023 07:09:00
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.