8 Highway No 20 Road W, Pelham, Ontario L0S 1E6 (27708991)


LOADING

3,553 ft2
Fully Air Conditioned Other

$1,499,000

This beautifully restored two-story building in the heart of Fonthill's vibrant and thriving town centre offers a rare opportunity to own a fully turn-key, fully leased property in a high-traffic location. With 3,331 ft of meticulously engineered and redesigned space, this property seamlessly blends modern upgrades with historic charm, making it a standout asset for investors or owner-occupiers. The main floor features a versatile commercial/retail space with exposed original wood beams, providing character and charm, while offering high visibility on a bustling streetperfect for retail, office, service or medical uses. The second floor houses three fully rebuilt and renovated residential units, all designed to meet modern building codes. These units include two spacious two-bedroom apartments and one cozy one-bedroom apartment, each boasting high-quality finishes and updated systems, making them move-in ready. The building is fully leased, generating excellent cash flow and a healthy cap rate, ensuring strong and consistent rental income. This property is perfect for investors seeking stable returns or business owners looking for a live-work option. Situated on a vibrant, high-traffic street with excellent exposure, this turn-key building offers endless possibilities. Whether youre moving in your business while benefiting from residential tenant income or adding this gem to your investment portfolio, this is an opportunity you won't want to miss out on. (id:54662)

Property Details

MLS® Number X11881085
Property Type Retail
Community Name 662 - Fonthill

Building

Appliances Water Heater
Cooling Type Fully Air Conditioned
Heating Type Other
Size Interior 3,553 Ft2
Type Residential Commercial Mix
Utility Water Municipal Water

Land

Acreage No
Size Depth 170 Ft ,2 In
Size Frontage 65 Ft
Size Irregular 65 X 170.19 Ft
Size Total Text 65 X 170.19 Ft
Zoning Description Main Street

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Emese Zaduban
Salesperson

(905) 563-5335
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Royal LePage NRC Realty
36 Main St East
Grimsby, Ontario L3M 1M0

(905) 563-5335
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