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! |
Price | $1,100,000 |
Taxes: | $11583.05 |
Tax Type: | Annual |
Occupancy by: | Own+Ten |
Address: | 104-106 Walton St , Port Hope, L1A 1N3, Ontario |
Postal Code: | L1A 1N3 |
Province/State: | Ontario |
Lot Size: | 21.00 x 120.00 (Feet) |
Directions/Cross Streets: | Walton St./ Ontario St. |
Category: | Multi-Use |
Building Percentage: | N |
Total Area: | 5258.00 |
Total Area Code: | Sq Ft |
Retail Area: | 2183 |
Retail Area Code: | Sq Ft |
Sprinklers: | N |
Heat Type: | Gas Forced Air Closd |
Central Air Conditioning: | Y |
Elevator Lift: | None |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
FOREST HILL REAL ESTATE INC. |
|
Book Showing | Email a Friend |
Type: | Com - Commercial/Retail |
Area: | Northumberland |
Municipality: | Port Hope |
Neighbourhood: | Port Hope |
Lot Size: | 21.00 x 120.00(Feet) |
Tax: | $11,583.05 |