An incredible commercial investment opportunity to say the least. This 10-unit commercial investment property features 9 commercial rental units and 1 residential unit and generates a gross income of just over $115,000 a year. The property is currently fully tenanted by long-term tenants. The residential unit is a 1,500 sqft 3 bedroom 1 bath apartment that was recently renovated, the tenant pays for their hydro costs. The 9 commercial units all feature a bathroom, air conditioning, and separate entrances. The commercial units have all seen renovations in the past year, the most recent being in 2022 (3/9 units). Most tenants pay for their respective utilities except for 4 tenants. Major renovations include updating the electrical and plumbing systems from 2004 to 2006 and roof renovations, part of the roof was updated in 2004 (front half), and the remainder was updated in 2021 (2nd level and back half. The entire property offers 11,500 sqft of well-located commercial space. You don't want to miss your chance on this one! (id:47423)
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Listed By
RE/MAX CROWN REALTY (1989) INC
Data Provided By
Timmins, Cochrane & Timiskaming District Association of REALTORS®
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Detailed Information
Communication Type
High Speed Internet
Features
Wheelchair access
Listing Contract Date
2023-10-16
Location Description
The property is situated on the corner of Front St and Sixth St
Municipal ID
650400904
Property Type
Other
Transaction Type
For sale
Business
Business Type
Other, Retail and Wholesale
Business Subtype
Other, General retail
Building
Amenities
Storefront, Street Lighting
Basement Type
Partial
Constructed Date
1948
Construction Material
Poured concrete
Heating Fuel
Electric, Natural gas
Heating Type
Baseboard heaters, Forced air, Space Heater
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Other
11
Surfaced
Parking Space(s)
25
Utilities
Type
Description
Cable
Available
Electricity
Available
Natural Gas
Available
Telephone
Available
Land
Total Size
0.7 acres
Access Type
Road access
Sewer
Municipal sewage system
Size of Irregular Land
0.7
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