Appraised at $1,569,000! If you’re an investor seeking strong fundamentals, creative financing & massive upside potential, you’ve found it w/ this 10 unit mixed-use (6 Res/ 4 Comm) bldg in downtown Tilbury that has the opportunity to become 14+ units. Major updates include flat roof (23), facade masonry overhaul (24), several renovated units, exterior stairs & decking, along with preparatory demo for additional units yet to be created. The 4 commercial units benefit from walk by traffic, street parking & a municipally maintained rear lot. The largest commercial unit offers an opportunity for residential conversion at the rear (draft plans available) along with a large storefront featuring high ceilings & reclaimed brick. The apartments are always in demand, with one currently being renovated & another partially demolished in preparation for splitting into two. Contact LA for complete details about residential conversion opportunities, creative lending options & appraisal. (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Ownership Type
Freehold
Property Type
Industrial
Transaction Type
For sale
Zoning Description
UC (CBD)
Business
Business Type
Residential
Business Subtype
Residential
Building
Cooling Type
Air Conditioned
Fire Protection
Smoke Detectors
Flooring Type
Laminate, Concrete, Cushion/Lino/Vinyl
Heating Fuel
Natural gas
Heating Type
Forced air, Furnace
Total Finished Area
13989 sqft
Type
House
Land
Total Size
73X191
Size of Irregular Land
73X191
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