Turnkey mixed-use investment opportunity at 9 Queen St W, Elmvale, Springwater. The 8634 SF property features 5 apartments and 5 commercial units in a comprehensively renovated building. Improvements include a full gut renovation, updated electrical, new plumbing, the addition of two apartments, paving, and exterior facade improvements. All five apartments and two commercial units have been left vacant to allow the purchaser to select their own tenant mix and have the opportunity to achieve market rents without waiting out a lease expiry or unpredictable residential turnover. Additionally, there's the ability for a buyer to occupy some of the space themselves, which would easily incorporate the option of self-management. The residential suites vary from 1-3 bedrooms and offer on-site parking, appealing to a wide tenant prospective pool of tenants. This asset provides immediate leasing flexibility and strong income potential from day one. (id:64277)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | S13047266 |
| Property Type | Multi-family |
| Community Name | Elmvale |
| Parking Space Total | 9 |
| Bathroom Total | 9 |
| Appliances | Dryer, Hood Fan, Water Heater, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 8,634 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 165 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 0.251 |
| Size Total | 0.251 Ac |
| Size Total Text | 0.251 Ac |
| Zoning Description | Cg - General Commercial |
https://www.realtor.ca/real-estate/29660281/9-queen-street-w-springwater-elmvale-elmvale
(705) 728-9000
(705) 728-0014
HTTP://www.mavencommercial.ca
(705) 728-9000
(705) 728-0014
HTTP://www.mavencommercial.ca
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