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164 Garafraxa Street S Durham, Ontario N0G 1R0

3800 sqft

$499,000

Looking for an opportunity to add to your portfolio of investments or a chance to buy a property to help pay down your mortgage? Located right on Highway 6 in the heart of Durham, 165 Garafraxa St S is a perfect spot for both. You can live in the house while earning 3 streams of income to assist with your monthly mortgage. What better way to build equity than to have someone else help you create it. For investment, the long term commercial anchor tenant adds stability of income and tenancy. The residential units help bring in over $3,000 a month. The main red brick house is a 2+1 bedroom 1 bathroom home with the century style 9ft ceilings. The Commercial space is rented long term to a stable and prospering Pizzeria which has a front area for customers but also a large rear storage area with rear entrance. There are 2 additional apartments for income which are a 1 bedroom and a 2 bedroom with separate entries. This property has many uses with its C1 zoning. Have a look at what this property can do for you, you won't be disappointed. (id:44738)

Property Details

MLS® Number 40601503
Property Type Other

Building

Basement Type Crawl Space
Exterior Finish Brick, Other
Stories Total 2
Size Exterior 3800.0000
Size Interior 3800 Sqft
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 53 Ft
Size Total Text Under 1/2 Acre
Zoning Description C1

https://www.realtor.ca/real-estate/27001017/164-garafraxa-street-s-durham

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Coldwell Banker Win Realty Brokerage
153 Main Street South, P.o. Box 218
Mount Forest, Ontario N0G 2L0

(519) 323-3022
(519) 323-1092

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