Meticulously maintained rural mixed-use gem with strong holding income. Located at 1249A Hwy #41in Northbrook, this 5,768 sq. ft. multi-tenant mixed-use building offers an exceptional turn-key opportunity for an active investor or hands-on landlord. Fully occupied with long-term residential and commercial tenants, this property features 1 large anchor office tenant, 2 smaller office suites, and 2 residential apartments-delivering a diversified, reliable income stream. Cared for meticulously by the current owners, the building boasts a long list of recent capital upgrades (see attached Information Sheet for full details). Situated on a high-visibility corridor, this investment also offers a rare growth play: the adjacent lot is available for purchase separately, providing immediate room for expansion, additional parking, or future development. Ideal for an investor seeking high-pride-of-ownership with stable returns in a growing rural hub. Showings by appointment only. Do not disturb tenants, and the current tenants are not relocating. (id:28469)
Facts & features
Property
MLS® Number
X13688752
Property Type
Retail
Community Name
62 - Addington Highlands
Features
Irregular Lot Size
Building
Cooling Type
Fully Air Conditioned
Heating Type
Other, Radiant Heat
Size Interior
5,768 Sqft
Utility Water
Drilled Well
Land
Acreage
No
Sewer
Septic System
Size Depth
210 Ft
Size Frontage
219 Ft ,2 In
Size Irregular
219.23 X 210 Ft ; Irregular Front And Side Yards
Size Total Text
219.23 X 210 Ft ; Irregular Front And Side Yards
Zoning Description
C1
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$4,981/mo
Ontario land transfer tax
$18,975 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.