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$ 799,900
Est. payment | /mo
$ 799,900
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 26016323
Property Sub-Type Freehold
Property Description
Four-tenant, mixed-use investment property on Tecumseh Road East, combining ground-floor commercial space with three self-contained, one-bedroom residential units above. The main-floor commercial unit has been fully renovated into professional office use, featuring a reception area with waiting room, multiple private offices, boardroom-style meeting rooms, and luxury vinyl plank flooring throughout. A rear extension off the commercial unit adds further private office, storage, and utility space with its own full bathroom. Above, three self-contained, one-bedroom residential apartments are each occupied by long-term tenants: Unit 1 at $600 per month plus hydro, Unit 2 at $625 per month plus hydro, and Unit 3 at $675 per month plus hydro. The building runs two independent heating and cooling systems: a gas-fired boiler with radiator heat serves the upper apartments, each supplemented by tenant-owned window air conditioning, while the commercial space operates on its own forced-air furnace and central air. The landlord covers water for the building. Located on Tecumseh Road East in an established commercial corridor with steady vehicle and pedestrian traffic. A strong hold-and-collect opportunity for an investor, or a foothold for an owner-occupier looking to run a business from the main floor while residential income offsets carrying costs. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Ownership Freehold
Virtual Tour https://my.matterport.com/show/?m=yVimGpsKViL&
Listed by CENTURY 21 LOCAL HOME TEAM REALTY INC.
Nearby Locations
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