6610 FOURTH LINE ROAD$1,800,000

#1303306

N/A bed

N/A bath

About the Property

Here's an incredible opportunity to own a well diversified, mix use turnkey rental property. Despite the fact that this property is not operating at full capacity, this property is still generating a very healthy revenue. This property boasts, 4 tasteful and spacious residential rental properties (one of which is a single family home attached to the main building), one beautiful turnkey commercial retail unit, 3 separate bays offering a combined approx. 3,000 square feet of storage rental space and a huge lot with ample parking for tenants, employees, customers and anyone who may want to rent parking spaces. The building has enjoyed some amazing long-term tenants which means rents have a ton of room to improve which makes any future refinance a dream as value will drastically increase once those rents turnover but the upside is not priced in! To make this deal sweeter, it sits on a huge lot on one of the best streets in the area which means, great future development opportunity! (id:46641)

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Listing Agent

Marc Papineau

Salesperson

(613) 884-8960

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Property Details

City: North Gower

Neighbourhood: North gower

Build Year: 1967

Property

Property Type

Multi-family

Ownership Type

Freehold

Land Depth

122 ft ,2 in

Building

Storeys

2

Exterior Finish

Brick, Siding

Heating Type

Forced air

Parking Space Total

10

Measurements

Additional Info

Listing Contract Date

2022-07-08

Zoning Description

Commercial

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