Motivated Seller; This exceptional mixed-use property offers a potential cap rate of 7-8%, making it a prime investment opportunity. The ground floor features a spacious 2,183 sq. ft. commercial unit with a basement, currently vacant and suitable for a wide range of uses, including restaurants, medical or dental practices, and more.The residential units have been recently renovated and are tenant-occupied on a month-to-month basis, providing flexibility for new owners. Additionally, free public parking is conveniently located just 100 meters from the building.Whether youre an investor seeking a high-yield property or a business owner looking for the perfect location with the option to live on-site, this property checks all the boxes. Dont miss out on this incredible opportunity! (id:59911)
MLS® Number | X9271151 |
Property Type | Retail |
Community Name | Port Hope |
Cooling Type | Fully Air Conditioned |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Size Interior | 5,258 Ft2 |
Utility Water | Municipal Water |
Acreage | No |
Size Depth | 120 Ft |
Size Frontage | 21 Ft |
Size Irregular | 21 X 120 Ft |
Size Total Text | 21 X 120 Ft |
Zoning Description | C3 |
Omar Mohammad
Salesperson
(416) 929-4343