| Message Number | 419012 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Active | ||||||||
| Subject Line | Cobourg Ontario - 4 Unit Church Conversion priced at 5.13% cap | ||||||||
| Business area |
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| Location, City | Cobourg, ON | ||||||||
| Have/Want | Have | ||||||||
| Business category | Announcements, News (NOT Haves/Wants) Apartment buildings/multi unit/condo townhouse projects/investments Residential estates, single family homes, condos, cottages, vacation homes |
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| Date of Listing | September 18 2023 | ||||||||
| Price | $1,349,888.00 | ||||||||
| Size | 5714 | ||||||||
| Building area | 5714 | ||||||||
| Zoning | R4 | ||||||||
| Gross Income | 80100 | ||||||||
| Expenses | 11500 | ||||||||
| Net Income | 66599 | ||||||||
| Cap Rate | 5.13 | ||||||||
| Comments | A Legacy of Evolution
From its humble beginnings as a cherished place of worship to housing a daycare and later a vibrant Coffee House for teens, this building?s walls hold countless memories. The Free Methodist Church later took the reins, nurturing families in its embrace. 1998, a new chapter began when Dave and Kathy saw its potential, culminating in a visionary renovation from 1999 to 2000. A Masterful Transformation The building?s shell provided the canvas for an extraordinary rebirth. Every primary system, from wiring to plumbing and ducting, was meticulously replaced, ensuring seamless function and contemporary comfort. Two existing furnaces found new purpose and, in 2022, were upgraded to high-efficiency units. |
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| Internet Links | |||||||||
| Member Identifier | 9242 | ||||||||
| Client Details | Active Investor | ||||||||
| Client Situation | New Opportunity | ||||||||
| Clients Objective | Opportunity | ||||||||
| Motivation Rating | All Cash at Retail | ||||||||
| Client Will | -- NONE -- | ||||||||
| Client Wants | -- NONE -- | ||||||||
| Control | MLS | ||||||||
| Name | Addy Saeed | ||||||||
| Title | Real Estate Broker | ||||||||
| Company Name | Re/Max Gold Realty Inc., Brokerage | ||||||||
| Address Line One | 175 Traders Blvd East | ||||||||
| City | Mississauga | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | L4Z3S8 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (877)439-2339 | ||||||||
| Cell Number | 647-689-5841 | ||||||||
| Home Number | 1-877-439-2339 | ||||||||
| FAX Number | 1-888-937-9944 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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