Added 2 months ago
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Type: Commercial/Retail
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Property Type: Commercial
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Business Type: Service Related
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Zoning: C1
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Age: No Data
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Taxes: 9468.09
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MLS®#: X11894798
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Days on Site: 66 Days
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Added: Dec 17, 2024 (2 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: Page & Associates Realty, Brokerage
189 Main Street, Sturgeon Falls *Prime Investment Opportunity in the Heart of Sturgeon Falls!* This fully rented, high-income property is an exceptional investment opportunity, offering a mix of commercial and residential units in a prime downtown location. The building features two commercial spaces, two 1-bedroom apartments, two 2-bedroom apartments, and one 3-bedroom apartment, generating strong revenue with most leases plus utilities. Designed for efficiency and long-term value, the property includes separate gas and hydro meters for every unit. In 2022, the main electrical cable was upgraded to 400 amps by Sudbury Hydro, ensuring a modern and reliable system. Further adding to its appeal, the two 2-bedroom apartments and the 3-bedroom apartment were newly built in 2022 from a former commercial space and now feature energy-efficient heat pumps. The roof was also replaced in 2022, enhancing the property's durability. For additional income potential, the basement equipped with its own private entrance could be converted into storage spaces. This is a rare chance to acquire a turnkey, high-performing investment in a thriving location. Listed at $1,175,000.
Property
Status: Sale
Type: Service Related
Property Type: Commercial/Retail
Property Type: Multi-Use
Net Income: 90099
Area: West Nipissing
Community: Sturgeon Falls
Availability Date: Flexible
Assessment Amount: $523,000
Assessment Year: 2024
Inside
Air Conditioning: Part
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Open
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 14
Fees
Tax Year: 2024
Tax Legal Description: LT 14 W/S MAIN ST PL 11 SPRINGER; PT LT 13 W/S MAIN ST PL 11 SPR
Taxes: $9,468
Expenses: Act
Insurance Fee: 4800
Operating Fees: 23901
Hydro Expense: 1800
Heat Expenses: 1200
Taxes Type: Annual
Taxes: 9468
Water Fees: 5633
Land
Cross Street: From Front St (Highw
Municipality District: West Nipissing
Parcel Number: 490790594
Sewer: San+Storm
Lot Depth: 132 Feet
Lot Frontage: 103 Feet
Lot Irregularities: 13596 sf
Zoning: C1
Commercial Specific
Retail Area: 1476
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 6318
Total Area Metric: Sq Ft
Lot Code: Building
Gross Income/Sales: 114000
Schomberg Public School
Elementary: PublicKettleby Public School
Elementary: PublicTecumseth South Central Public School
Elementary: PublicSt Patrick Catholic Elementary School
Elementary: CatholicNobleton Public School
Elementary: PublicSt Mary Catholic Elementary School
Elementary: CatholicBradford Campus
Secondary: PublicHoly Trinity High School
Secondary: CatholicSt Thomas Aquinas Catholic Secondary School
Secondary: CatholicBradford District High School
Secondary: PublicHumberview Secondary School
Secondary: PublicSt. Michael Catholic Secondary School
Secondary: Catholic