Rare opportunity to acquire a well-maintained mixed-use landmark building featuring two commercial units and five recently renovated residential apartments, offering strong income potential and significant value-add improvements.The commercial component consists of a fully equipped restaurant with extensive equipment included and a beautifully renovated tea shop. The residential component includes five apartments, all of which have undergone renovations and upgrades. Over 10 parking spaces. Unit 201 features newer flooring, refrigerator, stove, washroom fixtures, and lighting, with repairs completed to doors, windows, and electrical systems. Unit 202 includes newer flooring, washroom, and lighting, along with repairs to walls, windows, and doors. Unit 203 has newer floor, newer washroom and door. Unit 204 has been completely renovated and now offers a highly desirable layout with two bedrooms, two washrooms, and two kitchens. Unit 205 has been renovated with newer flooring, washroom fixtures, and refrigerator, and has been reconfigured from a one-bedroom-plus-den layout to a functional two-bedroom unit. Extensive capital improvements have been completed throughout the property, including: newer roof, newer alarm system, newer main water shut-off gate, newer hot water tank serving the tea shop. Separate gas line installed for the residential units. Eaves repaired and upgraded. All windows and doors repaired and fully operational. Newer window screens installed throughout. Bathroom and kitchen faucets replaced and upgraded throughout. This is an outstanding opportunity for investors seeking a stable mixed-use asset with substantial recent capital improvements, attractive commercial tenants, and upgraded residential units. The property's extensive renovations significantly reduce future maintenance requirements while enhancing rental income potential.Ideal for investors, owner-operators, or those seeking a turnkey mixed-use property with strong long-term upside. (id:63285)
| Property Details | |
|---|---|
| DDF® Number | N13435266 |
| Property Type | Retail |
| Building | |
|---|---|
| Cooling Type | Partially Air Conditioned |
| Fireplace Present | No |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 5800 Sqft |
| Utility Water | Municipal Water |
| Land | |
|---|---|
| Acreage | No |
| Size Depth | 95 Ft ,3 In |
| Size Frontage | 55 Ft ,3 In |
| Size Irregular | 55.3 X 95.25 Ft ; Other Side Depth 198.09 Ft |
| Zoning Description | Commercial/residential |
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