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212 Furnival Road Rodney, Ontario N0L 2C0

Central Air Conditioning Forced Air

$899,000

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:38039)

Business

Name Denning Funeral Directors Ltd.

Property Details

MLS® Number 40190822
Property Type Other
Communication Type High Speed Internet
Features Corner Site, Paved Driveway, Crushed Stone Driveway
Parking Space Total 12
Sign Type Signband

Building

Basement Development Unfinished
Basement Type Partial (unfinished)
Constructed Date 1885
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick, Concrete, Steel
Fire Protection Alarm System
Flooring Type Carpeted
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Exterior 5500.0000
Utility Water Municipal Water

Land

Access Type Road Access, Highway Nearby
Acreage No
Sewer Municipal Sewage System
Size Depth 124 Ft
Size Frontage 58 Ft
Zoning Description C1

Utilities

Cable Available
DSL* Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/23858906/212-furnival-road-rodney

Interested?

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