ON
Tay (Port McNicoll)
L0K1R0
770 Fourth Avenue
770 Fourth Avenue, Tay (Port McNicoll), ON L0K1R0
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Listing Type
Commercial/Industrial
Listing Status
Active
7
$3,488,000

Home Details for 770 Fourth Avenue

Price
$3,488,000
Type
Commercial Sale
Total Bathrooms
7
Listing #
S13618058
Property Description

Exceptional turnkey investment opportunity featuring a well-maintained mixed-use property with multiple income streams. The building offers six residential units, including five 2-bedroom apartments on the second floor (2 currently vacant for immediate rental upside) and one 1-bedroom unit on the ground floor. All existing tenants are long-term and have been committed. The balance of the ground floor is occupied by an established Anchor Post Office consisting of 2 units, providing stable commercial income. Additional revenue is generated by an on-site coin-operated washer and dryer. Five residential units have been updated with LED lighting, cupboards, countertops, backsplash, flooring, custom blinds, hardware and some newer sliding glass doors. Each individual unit has its own baseboard heating. The roof is approximately 6 years old with a 25-year warranty, and the building is monitored by 5 security cameras. Parking includes 6 tenant spaces, 2 visitor spaces, handicap parking at the rear, plus dedicated front parking and side shipping space for the Post Office . Basic city garbage containers are conveniently located at the rear. A long-term tenant voluntarily assists with minor on-site maintenance, making this an even more attractive hands-off investment. Ideally located within walking distance to restaurants, convenience stores, beaches, and scenic walking trails, including nearby Pride Point, Awenda Provincial Park, and Port McNicoll Pier. Comprehensive due diligence is available for qualified buyers, including all residential leases, Anchor Post Office lease details, Profit & Loss statements for 2024, 2025 and year-to-date 2026, plus utility and property tax information. A rare opportunity to acquire a stabilized income-producing asset with diversified revenue, documented financials, immediate upside through two vacant units, and excellent long-term investment potential with a Perpetual Lease. Professional photos and floor plans will be provided shortly. (id:31684)

Property Features
  • Cooling Information
    • None
  • Heating Information
    • Baseboard
Listing Courtesy: RIGHT AT HOME REALTY
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EXIT REALTY MATRIX, BROKERAGE
2131 St. Joseph Blvd, Ottawa, ON K1C 1E7
Nicolas Sigounis
Sales Representative
Office
613-837-0011
Agent
613 859 9331
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