Introducing 12021 Hwy 17, Sturgeon Falls 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 (1856 sq.ft.) 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 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. This property promises diverse income streams, with a potential gross annual income of $122, 791 when the residential units are fully rented. The commercial rentals alone can significantly offset living expenses, allowing for a balanced and profitable investment. The owner-occupied nature of the property provides the flexibility to select your own tenants and efficiently manage the property. With commercial zoning (C2), there is ample opportunity for expanding business operations on the expansive 1.358-acre property. (id:55598)
- MLS® 40578274
- Date Listed06/10/2024
- Days on Realty 72 Days
- Bedrooms 6
- Bathrooms 3 baths
- Lot Size -
- Sewer Septic Tank
- Property Type Other
- Water Well
- Square Feet 1,856 sq. ft
- Price Per Sq. Ft $592.67
Interior Features
- Appliances Water softener, Water purifier
- Cooling Central Air Conditioning
- Heating In Floor Heating, Radiant Heat
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
0/100
Car-Dependent
Walk Score ®
0/100
Minimal Transit
Transit Score ®
0/100
Bikable
Bike Score ®
Overview
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 12/100, Transit Score: 0/100, Bike Score: 23/100.
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Frequently Asked Questions for 12021 HIGHWAY 17
Source: Realty.com
12021 HIGHWAY 17, Sturgeon Falls, ON P2B2S7 is a Other, Residential Income property listed for $1,100,000 The property is 1856 sq. ft with 6 bedrooms and 3 bathrooms
Realty.com has 50 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
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 12/100, Transit Score: 0/100, Bike Score: 23/100.
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 2024-08-21 11:54:21. 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® 40578274