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$2,399,900
Status: For Sale
Here is a great investment opportunity to purchase a six unit mixed use commercial/residential building in a prime location in Downtown Elora. Already shows good income - with lots of potential to take it to the next level. Currently configured with 2 commercial units and 4 residential units ( two 2 bedroom and two 1 bedroom ). The building has frontage on TWO streets - Metcalfe and Geddes. The two commercial units face bustling Metcalfe street. Two upper residential units. And two of the residential units are ground floor level facing Geddes. 4 valuable parking spots for tenants on Geddes. The one upper residential unit is very unique with 2 entrances on either side of the building, has a 2nd loft level and outdoor balcony. Lots of possibilities for the new owner to reconfigure the building layout and add value here. Elora is continuing to evolve in a big way - and this building is a prime piece of real estate in the middle of the action.
Property Type | :Commercial Sale |
MLS Number | :40639687 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :26 Sep, 2024 (7 Days ago) |
Source | :Guelph & District |
Area | :Wellington |
Community | : Elora/Salem |
City | :Elora |
Area Major | :Centre Wellington |
Area Minor | :54 - Elora/Salem |
Postal Code | : N0B 1S0 |
Directions | :From Wellington Rd 7, turn east onto McNab St, then take the 3rd exit of round about onto Metcalfe Street, continue straight through the set of lights. |
Price | : $2,399,900 |
Property Taxes | :$6504 |
Tax Year | :2024 |
Bedrooms | :0 + |
Place of Worship | :No |
Cross Street | :Geddes Street |
Approx Square Footage | :5109.6 sqft |
Basement | :Full |
26 Sep, 2024
TREB #40639687
Listed
$2399900