14,424 ft2
None
Baseboard Heaters, Forced Air
$1,250,000
Excellent investment opportunity in the heart of downtown Mount Forest. This well-maintained and nicely updated mixed-use property offers strong current income with significant upside potential. The building includes two main-floor retail commercial units in a high-visibility downtown location, along with seven residential apartments consisting of four one-bedroom units, two two-bedroom units, and one studio apartment. The property benefits from plenty of on-site parking, and two additional storage buildings on the site provide excellent potential for further development, expansion, or additional revenue streams. With opportunities to improve operating efficiencies and increase rental income over time, this property represents a solid value-add investment. Ideal for investors seeking a stable return with long-term growth potential in a prime downtown setting. (id:50976)
Property Details
|
MLS® Number
|
X12766598 |
|
Property Type
|
Retail |
|
Community Name
|
Mount Forest |
|
Farm Type
|
Other |
|
Parking Space Total
|
15 |
Building
|
Age
|
100+ Years |
|
Cooling Type
|
None |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Baseboard Heaters, Forced Air |
|
Size Interior
|
14,424 Ft2 |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
238 Ft |
|
Size Frontage
|
60 Ft |
|
Size Irregular
|
60 X 238 Ft |
|
Size Total Text
|
60 X 238 Ft |
|
Zoning Description
|
Commercial C1 |
https://www.realtor.ca/real-estate/29334135/157-main-street-n-wellington-north-mount-forest-mount-forest
