188-192 RAGLAN STREET S , Renfrew

$289,900 / MLS® Listing #:1174913

  • Property Info
  • WalkScore
  • Mortgage Info
  • Share

DIAMOND in the rough... Flip property- CASH FLOW WHILE YOU RENOVATE! ADD VALUE and refinance or sell for a profit! Selling for less than $100 a sq ft! Gross income starting Mar 1: $42,000/yr (upstairs office is vacant - can be converted to residential apartments) - Expenses; $13,804/yr. TOTAL CURRENT NOI: $28,196/yr. BUT... the upstairs is vacant. Do you want to use it for an OFFICE? Or fix and flip OR fix and hold as Residential apartments? Details: Two retail spaces ($2000 and $1500) and Office space upstairs (vacant - est. $1700/mo) can be converted to apartments (Seller has engineer drawings for a layout of 3 apartments + office space, avail upon request). Approx 4500 sq ft total (2250 each floor). If you keep as office upstairs and rent it at that rate the Projected NOI is $48,596/yr. IF you make it apartments, it could be $60,008/yr (projected). EITHER WAY... This is can be your cash cow! Currently cash flowing without upstairs rented... call now! (id:10452)

Property Details

Property Type Retail
Square Feet
Maintenance N/A
Days On Our Website 199
Lot Dimensions 51.41 ft X 119.58 ft (Irregular Lot)
Pool N/A
Area Renfrew
Air Conditioning N/A
Parking Spaces 4
Sewers N/A
Water N/A


Loading WalkScore data...

Loading Mortgage Calculators...

Terms Of Use Agreement

Terms of Use
This website is operated by Andrea Roberts, a salesperson who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Andrea Roberts, and CREA.

The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

Liability and Warranty Disclaimer
The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

Andrea Roberts may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.

Do you agree to these terms and conditions?