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!
MLS# | X9271151 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Price Change |
Days On Site | 143 |
Listing Provided By | FOREST HILL REAL ESTATE INC. | Not Provided |
SQ Feet | 5,258 |
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State | ON |
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County | Northumberland |
City | Port Hope |
Zip Code | L1A 1N3 |
Area | Port Hope |
Listing VS Median (in L1A 1N3) | |
Price: $1,100,000 low | high Med: $1,100,000 SqFt: 5,258 low | high Med: 5,258 $ / SqFt: $209 low | high Med: $209 On Site: 143 low | high Med: 143.000000 |