Ottawa & Eastern OntarioNicolas Sigounis, REALTOR® · EXIT Realty Matrix, Brokerage

24 Renfrew Avenue W Renfrew, Ontario K7V 2X9

10,000 sqft
Partially Air Conditioned Forced Air, Radiant Heat

$1,149,000

An exceptional opportunity to acquire a substantially renovated, income-producing commercial and residential property in the heart of Renfrew. Offering approximately 10,000 sqft, this prominent property combines established rental income, excellent commercial exposure, with additional revenue potential. The main floor features a commercial space occupied by a Muay Thai gym, with five residential apartments on the second floor, consisting of three 2-bedroom units, one 1-bedroom unit, and one bachelor unit. An additional attached 2-bedroom apartment brings the total to six residential units. The basement provides another commercial rental space currently occupied by a canoe-making business. Extensively renovated in 2021/2022, the property has undergone significant improvements, including major mechanical, electrical, and plumbing upgrades, offering investors the benefit of substantial capital improvements. Additional features include rear parking, a garage with an overhead door, and a vacant rear unit presenting potential for additional rental income or alternative uses, subject to municipal approvals. Situated in downtown Renfrew! The property benefits from excellent street visibility, convenient access to local businesses, services, and amenities. With six residential apartments, 1 commercial rental space, diversified income streams, and opportunities for future revenue growth, this property represents an outstanding investment opportunity in Renfrew! (id:67947)

Property Details

MLS® Number X14155574
Property Type Retail
Community Name 540 - Renfrew
Amenities Near By Highway, Public Transit
Parking Space Total 10

Building

Age 51 To 99 Years
Cooling Type Partially Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air, Radiant Heat
Size Exterior 10000 Sqft
Size Interior 10,000 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Public Transit
Size Depth 104 Ft ,3 In
Size Frontage 79 Ft ,2 In
Size Irregular Bldg=79.2 X 104.25 Ft ; 1
Size Total Text Bldg=79.2 X 104.25 Ft ; 1
Zoning Description C1

https://www.realtor.ca/real-estate/30486300/24-renfrew-avenue-w-renfrew-540-renfrew

Nicolas Sigounis, REALTOR®

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Nicolas SigounisREALTOR® · EXIT Realty Matrix, Brokerage

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Listing courtesy of John Sanders, Coldwell Banker First Ottawa Realty · Hamed Bajric, Coldwell Banker First Ottawa Realty

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Estimate only. This is not a rate offer or a mortgage approval. Payments use Canadian semi-annual compounding. Insurance premiums, taxes and rates can change, and legal fees, adjustments and other closing costs are not included. Confirm your numbers with your lender.