188-192 Raglan Street S Renfrew, Ontario K7V 1R1
$599,900
5,000 ft<sup>2</sup>
NoneHot Water Radiator Heat
**Interior photos to come soon - email me to be notified** AN OWNER-OCCUPIER'S DELIGHT or INVESTORS CASH COW in the growing town of Renfrew. Only 45 min from Ottawa, this Exceptional mixed-use investment opportunity with immediate cash flow and significant value-add potential. All Roofs replaced 2023. Featuring one leased long-term tenant retail storefront ($2500+hydro), another vacant 1250 sqft storefront retail, PLUS a 2,500+ sq. ft. second-floor office space (currently vacant). Potential Income & Expenses: Gross Income: $84,000/year ($2,000/month for office x 2 retail units at $2500/month) Expenses: Approx. $17,804/year (projected to decrease) Potential NOI: $62,196/year. The upper-level 2,500+ sq. ft. office presents major upside. Add value and resell, or hold for strong long-term cash flow. Priced at just over $100 per sq. ft., this is a rare opportunity to acquire a cash-flowing asset with substantial upside. AN ADDED BONUS: owner-occupiers can operate their business upstairs while off-setting costs with income from the leased retail units - potentially running at low to no overhead. Cash flow today. Increase value tomorrow. 24 hours' notice required for showings to see whole building. Book your viewing today. (id:28469)
Property Details
- MLS® Number
- X12824608
- Property Type
- Retail
- Community Name
- 540 - Renfrew
- Equipment Type
- Water Heater
- Parking Space Total
- 4
- Rental Equipment Type
- Water Heater
Building
- Cooling Type
- None
- Heating Fuel
- Natural Gas
- Heating Type
- Hot Water Radiator Heat
- Size Interior
- 5,000 Ft<sup>2</sup>
- Utility Water
- Municipal Water
Land
- Acreage
- No
- Size Depth
- 119 Ft ,6 In
- Size Frontage
- 51 Ft ,4 In
- Size Irregular
- 51.41 X 119.58 Ft ; 1
- Size Total Text
- 51.41 X 119.58 Ft ; 1
- Zoning Description
- Commercial
Neighbourhood
Moe Mcilwain
Salesperson
www.investproperty.ca/
RE/MAX Hallmark Realty Group
700 Eagleson Road, Suite 105
Ottawa, Ontario K2M 2G9
700 Eagleson Road, Suite 105
Ottawa, Ontario K2M 2G9
(613) 663-2720
(613) 592-9701
www.hallmarkottawa.com/




