Here is a great investment opportunity to purchase a six unit mixed use commercial/residential building in a prime location in Downtown Elora. Already shows good income - with lots of potential to take it to the next level. Currently configured with 2 commercial units and 4 residential units ( two 2 bedroom and two 1 bedroom ). The building has frontage on TWO streets - Metcalfe and Geddes. The two commercial units face bustling Metcalfe street. Two upper residential units. And two of the residential units are ground floor level facing Geddes. 4 valuable parking spots for tenants on Geddes. The one upper residential unit is very unique with 2 entrances on either side of the building, has a 2nd loft level and outdoor balcony. Lots of possibilities for the new owner to reconfigure the building layout and add value here. Elora is continuing to evolve in a big way - and this building is a prime piece of real estate in the middle of the action. (id:47423)
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Detailed Information
Lot
54 x 0 ft
Community Features
High Traffic Area
Listing Contract Date
2024-09-03
Location Description
From Wellington Rd 7, turn east onto McNab St, then take the 3rd exit of round about onto Metcalfe Street, continue straight through the set of lights.
Ownership Type
Freehold
Property Type
Office
Transaction Type
For sale
Zoning Description
C1
Building
Basement Type
Full
Construction Material
Wood frame
Exterior Finish
Stone, Stucco, Wood
Stories Total
2.5
Size (Exterior)
5109.6
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Sewer
Municipal sewage system
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