A prime investment opportunity featuring a blend of residential and commercial spaces, offering impressive income potential and a Vendor Take-Back (VTB) option. This fully renovated property boasts multiple income streams, making it an ideal addition to any savvy investors portfolio. The residential section includes a spacious 3-bedroom main-floor apartment, a comfortable 2-bedroom basement apartment, and a cozy 1-bedroom studio apartment, each with its own heating zone, in-floor heat, and gas hot water radiant heating in the upper level. These modern features, and outdoor living spaces ensure high tenant satisfaction and occupancy rates. The commercial component comprises a 1, 945 sq. ft. fully renovated building, housing a doctors office and an additional 525 sq. ft. leased space, generating a current annual income of $58, 590. With over $800, 000 invested in renovations in the commercial unit alone, this space is turnkey and requires minimal maintenance. Additionally, the newly constructed 30x40 double-door garage offers extra storage or business use opportunities. Strategically located on a high-traffic highway between Canadian Tire and No Frills, this property enjoys maximum visibility and accessibility, with dual entrances enhancing the potential for various business ventures. The propertys significant upgrades from 2016 to 2019, including modern electrical, plumbing, and HVAC systems, ensure a seamless transition for new ownership. This property promises diverse income streams, with a potential gross annual income of $122, 791 when the residential units are fully rented. With commercial zoning (C2), there is ample opportunity for expanding business operations on the expansive 1.358-acre property. Fully renovated and turnkey, 12021 Hwy 17, Sturgeon Falls, is ready to enhance your investment portfolio. Schedule a viewing today to explore the endless possibilities and secure your next investment success with the added benefit of a VTB option. (id:55598)
- MLS® 40578880
- Date Listed06/10/2024
- Days on Realty 203 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Sewer Septic Tank
- Property Type Other
- Water Well
- Square Feet 1,856 sq. ft
- Price Per Sq. Ft $592.67
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
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Frequently Asked Questions for 12021 HIGHWAY 17
Source: Realty.com
12021 HIGHWAY 17, Sturgeon Falls, ON P2B2S7 is a Other, Commercial Sale property listed for $1,100,000 The property is 1856 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 21 photos of 12021 HIGHWAY 17.
The full address for this home is 12021 HIGHWAY 17, Sturgeon Falls, ON P2B2S7.
12021 HIGHWAY 17 has been listed on Realty.com since Mon June 10, 2024
The average walkability score in the surrounding area is Walk Score: 11/100, Transit Score: 0/100, Bike Score: 21/100.
Listing provided courtesy of:
REALTY EXECUTIVES Local Group Inc. Brokerage
(tel: (705) 478-8588)
Listing agent:
MIKE BURMAN
(tel: (705) 477-4442)
This content last refreshed on 2024-12-30 14:17:37. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 12021 HIGHWAY 17, Sturgeon Falls, ON P2B2S7 : MLS® 40578880