An excellent investment opportunity in the heart of Alfred! This solid brick, two-storey mixed-use property offers approximately 6,400 sq. ft. of total building space and is zoned for up to six units. The property features three residential apartments on the second floor, all with existing leases, plus approximately 3,100 sq. ft. of commercial space on the main level, offering excellent potential for an owner-operator or investor. Previously occupied by the National Bank of Canada for many years, the commercial space includes a large retail area, four separate offices, a walk-in safe, storage space and handicap accessibility.Offering multiple income streams and future development potential, this property presents an exceptional opportunity for investors looking to maximize returns. With a potential net capitalization rate of 10.4%, this is an attractive addition to any investment portfolio. Whether you're looking to operate your own business, lease the commercial space, or explore the property's six-unit zoning potential, the possibilities are endless! (id:67947)
| MLS® Number | X14160436 |
| Property Type | Retail |
| Community Name | 609 - Alfred |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Forced Air |
| Size Interior | 3,100 Sqft |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 81 Ft ,9 In |
| Size Frontage | 70 Ft |
| Size Irregular | 70 X 81.77 Ft |
| Size Total Text | 70 X 81.77 Ft |
| Zoning Description | Com/res |

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Nicolas SigounisREALTOR® · EXIT Realty Matrix, BrokerageBook a private showing or ask anything about this home. Nicolas will get back to you quickly.
Call or text 613.859.9331Book a showingEmail NicolasListing courtesy of Saadiq Hussain, Exp Realty · Mel Germain, Exp Realty
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