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$1,850,000
Status: For Sale
Welcome to an exceptional investment opportunity nestled in the heart of a bustling urban landscape. This 8-unit building, strategically positioned on the corner of a high-traffic location, boasts a harmonious blend of commercial and residential spaces. Comprising 5 commercial units and 3 residential apartments, this property offers a diverse income stream and ample potential for growth. Each unit has undergone meticulous renovation, ensuring modern amenities and a welcoming atmosphere for tenants and customers alike. This property enjoys full occupancy, while the commercial units are thriving with established businesses, drawing consistent foot traffic. The residential units offer comfortable living spaces and are fully occupied. Situated at a prominent intersection, the property benefits from maximum visibility and accessibility, making it an attractive destination for businesses and residents alike. Nearby amenities, public transportation, and major thoroughfares further enhance its desirability. Situated at a prominent intersection, the property benefits from maximum visibility and accessibility, making it an attractive destination for businesses and residents alike. Nearby amenities, public transportation, and major thoroughfares further enhance its desirability. With a solid rental history and a prime location, this property presents an enticing investment opportunity. The potential to lease the remaining unit, coupled with the steady cash flow from existing tenancies, promises a lucrative return on investment. In summary, this 8-unit building stands as a testament to prime real estate in a coveted locale. Whether you're seeking a stable income stream or long-term appreciation, this property offers a compelling proposition in the ever-evolving landscape of urban real estate. Don't miss your chance to seize this remarkable investment opportunity.
Property Type | :Commercial Sale |
MLS Number | :40579596 |
Listing Type | :Sale |
Property Age | :New |
Possession Date | : |
Last Updated | :09 May, 2024 (134 Days ago) |
Source | :Niagara |
Area | :Niagara |
City | :Port Colborne |
Area Major | :Port Colborne / Wainfleet |
Area Minor | :875 - Killaly East |
Postal Code | : L3K 2K4 |
Directions | :SE Corner of Main ST E & Wellington Street |
Price | : $1,850,000 |
Property Taxes | :$8992.96 |
Tax Year | :2022 |
Bedrooms | :0 + |
Place of Worship | :No |
Cross Street | :Main St E |
Approx Square Footage | :5837 sqft |
Parking Space | :10 |
Basement | :Full |
Garage | :1 |
09 May, 2024
TREB #40579596
Listed
$1850000