623 King Ave E Newcastle (Newcastle Ontario, Ontario, CA - L1B1K7) Built

$2,999,900 CAD

Right At Home Realty Inc.,Brokerage

BOGDAN OPARNICA BOGDAN OPARNICA 416-391-3232 (Office) 416-391-3232 (Office) 416-819-7653 (Cell) 416-391-0319 (Fax) Request More Info

  • Type: Residential
  • Style: Commercial
  • Size: 6 sq. ft.
  • Development Level: Built
  • Lot Size: 2.78 acres
  • Taxes: $10,000.00 CAD (2022)
  • MLS ® #: E5969279


Well Established And Profitable All Season Mobile Home Park For Sale In Newcastle. Same Owner For 36 Years, Seller Wants To Retire. Park Is Located In A Prime Area Of Newcastle, 2.78 Acres, Frontage On Hwy 2, Potential For Future Development. Park Contains 19 Mobile Homes Spots (Fully Leased), Detached Home With 3 Apartments (Fully Rented), Free Standing Office Building With 1 Car Garage ( Potential For Rental) All Long Term Tenants. This Is Worry Free, Guaranteed Monthly Cash Flow Business. Don't Delay Book Your Showing.
Actual Cap Rate Is 4.25% , Projected Cap Rate Is 5.3%. Financial Information Available Upon Signing Confidentiality Agreement. Mobile Homes Are Not Included In The Purchase Price, They Are Located On A Leased Land. Do Not Disturb Tenants.
Please Do Not Walk In The Park Without Agent Or Without An Appointment. Internet And Cable Is Available.


Brokered and Advertised by : Our Neighbourhood Realty Inc. brokerage
Listing Agent: Kev Balian 905-3737272
Information is deemed to be correct but not guaranteed.

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