12021 HWY 17 E, Sturgeon Falls, Ontario, P2B 2S7, Canada

Description

A prime investment opportunity featuring a blend of residential and commercial spaces, offering impressive income potential and a Vendor Take-Back (VTB) option. This fully renovated property boasts multiple income streams, making it an ideal addition to any savvy investor’s portfolio. The residential section includes a spacious 3-bedroom main-floor apartment, a comfortable 2-bedroom basement apartment, and a cozy 1-bedroom studio apartment, each with its own heating zone, in-floor heat, and gas hot water radiant heating in the upper level. These modern features, and outdoor living spaces ensure high tenant satisfaction and occupancy rates. The commercial component comprises a 1,945 sq. ft. fully renovated building, housing a doctor’s office and an additional 525 sq. ft. leased space, generating a current annual income of $58,590. With over $800,000 invested in renovations in the commercial unit alone, this space is turnkey and requires minimal maintenance. Additionally, the newly constructed 30x40 double-door garage offers extra storage or business use opportunities. Strategically located on a high-traffic highway between Canadian Tire and No Frills, this property enjoys maximum visibility and accessibility, with dual entrances enhancing the potential for various business ventures. The property’s significant upgrades from 2016 to 2019, including modern electrical, plumbing, and HVAC systems, ensure a seamless transition for new ownership. This property promises diverse income streams, with a potential gross annual income of $122,791 when the residential units are fully rented. With commercial zoning (C2), there is ample opportunity for expanding business operations on the expansive 1.358-acre property. Fully renovated and turnkey, 12021 Hwy 17 E, Sturgeon Falls, is ready to enhance your investment portfolio. Schedule a viewing today to explore the endless possibilities and secure your next investment success with the added benefit of a VTB option. (id:2469)