An outstanding opportunity awaits with this versatile commercial property, seamlessly blending retail or business space with three separate residential rental units. Ideal for investors seeking both immediate income and long-term appreciation, this building offers a strategic advantage with multiple revenue streams in a desirable, high-traffic location. Situated in a high-traffic area with excellent visibility and easy access to major transportation links, this property attracts steady foot traffic and is well-suited for various businesses. The ground-floor commercial unit, currently a hair salon, features an adaptable layout, making it ideal for a variety of businesses, whether retail, office, or specialty services. The open design provides an inviting atmosphere that can easily be customized to meet tenant needs. Separate from the commercial space are three 1 bed/1 bath spacious and well-maintained residential units, each with a private entrance, providing consistent rental income. The apartments are currently occupied, ensuring a stable cash flow for the investor. With rental income from commercial and residential tenants, this property offers financial stability and security, reducing reliance on just one revenue source. Current rental incomes are Unit A - $650/m, Unit B - $800/m (1bed), Unit C - $650/m, hair salon - Shelly - $1000/m. HST applicable on the commercial unit. (id:47423)
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Detailed Information
Amenities Nearby
Shopping
Equipment
Water Heater
Features
Visual exposure
Municipal ID
75444729
Ownership Type
Freehold
Property Type
Other
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
COR-1
Building
Heating Fuel
Electric
Heating Type
Baseboard heaters
Total Finished Area
2740 sqft
Land
Total Size
641 square meters
Access Type
Year-round access
Amenities
Shopping
Size of Irregular Land
641
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