Exceptional investment opportunity. The property features a diversified income stream consisting of multiple commercial units and residential apartments. Significant capital improvements have been completed throughout, including new roofs, furnaces and air conditioning systems, updated electrical, new windows and doors, and extensive interior and exterior painting. The commercial spaces have also been recently updated with new flooring and modernized restrooms, while several residential units have benefited from renovations and improvements.The commercial tenants are predominantly secured by longer-term leases, providing stability and predictability. With substantial capital improvements already completed, full occupancy and immediate income, this is an excellent opportunity for investors seeking a well-maintained mixed-use property with attractive returns and additional value-add potential.This fully occupied mixed-use investment offers an attractive 9% cap rate. (id:28469)
Facts & features
Property
MLS® Number
X14168038
Property Type
Retail
Community Name
530 - Pembroke
Parking Space Total
10
Building
Bathroom Total
11
Cooling Type
Fully Air Conditioned
Heating Fuel
Natural Gas
Heating Type
Forced Air, Baseboard Heaters
Size Interior
10,000 Sqft
Utility Water
Municipal Water
Land
Acreage
No
Size Depth
111 Ft
Size Frontage
106 Ft
Size Irregular
106 X 111 Ft
Size Total Text
106 X 111 Ft
Zoning Description
C3 Commercial
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
$6,194/mo
Ontario land transfer tax
$24,455 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.