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$499,900
Est. payment /mo
4 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Subdivision 609 - Alfred
MLS® Listing ID X14160446
Bedrooms 4
Property Description
An excellent investment opportunity in the heart of Alfred! This solid brick, two-storey mixed-use property offers approximately 6,400 sq. ft. of total building space and is zoned for up to six units. The property features three residential apartments on the second floor, all with existing leases, plus approximately 3,100 sq. ft. of commercial space on the main level, offering excellent potential for an owner-operator or investor. Previously occupied by the National Bank of Canada for many years, the commercial space includes a large retail area, four separate offices, a walk-in safe, storage space and handicap accessibility.Offering multiple income streams and future development potential, this property presents an exceptional opportunity for investors looking to maximize returns. With a potential net capitalization rate of 10.4%, this is an attractive addition to any investment portfolio. Whether you're looking to operate your own business, lease the commercial space, or explore the property's six-unit zoning potential, the possibilities are endless! (id:24570)
Location
Province ON
Zoning Residential/Commercial
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 2
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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Listed by EXP REALTY
Nearby Locations
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Patricia Jones
Personal Real Estate Corporation License ID: 606388
Personal Real Estate Corporation License ID: 606388