About 85 Water Street
Attention Investors! An incredible income opportunity awaits with this commercial property located in the downtown of Windsor. This historical building offers 20 residential units and 4 commercial spaces. With a current cap rate of 8% based on the asking price, this property promises substantial returns. Plus, there's an exciting potential to boost the cap rate to 13.9% with just a 5% increase. Situated in the bustling downtown core, this property provides high visibility and foot traffic, ideal for both businesses and residents. While the building requires some work, this unique property promises tons of potential. This rare opportunity won’t last long, schedule a viewing today!
Features of 85 Water Street
| MLS® # | 202415648 |
|---|---|
| Price | $1,250,000 |
| Square Footage | 28,620 |
| Acres | 0.17 |
| Type | Commercial Sale |
| Sub-Type | Commercial (Other) |
| Status | Closed |
| Date Sold | October 1st, 2024 |
Community Information
| Address | 85 Water Street |
|---|---|
| Area | Annapolis Valley |
| District | Hants County |
| Sub-District | V1 |
| City | Windsor |
| County | Hants |
| Province | NS |
| Postal Code | B0N 2T0 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Water Connected, Sewer Connected, Phone Connected |
|---|---|
| Features | Laundry Facility |
| Parking | Public Parking, Parking Spaces(s), Paved, Shared |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Furnace, Hot Water, Radiant |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | No |
Exterior
| Lot Description | Under 0.5 Acres, Shopping Nearby, Visual Exposure |
|---|---|
| Windows | Display Window(s) |
| Roof | Rolled/Hot Mop |
| Construction | Concrete, Stone |
Additional Information
| Zoning | W-TC |
|---|
Listing Details
| Office | Royal LePage Atlantic - Valley(Windsor) |
|---|