39
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$1,499,000
Est. payment /mo
3,553 SqFt
Active
8 Highway No 20 RD W Pelham, ON L0S 1E6
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UPDATED:
12/04/2024 05:18 PM
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 3,553 sqft
Price per Sqft $421
MLS Listing ID X11881085
Annual Tax Amount $6,615
Tax Year 2024
Property Description
This beautifully restored two-story building in the heart of Fonthill's vibrant and thriving town centre offers a rare opportunity to own a fully turn-key, fully leased property in a high-traffic location. With 3,331 ft of meticulously engineered and redesigned space, this property seamlessly blends modern upgrades with historic charm, making it a standout asset for investors or owner-occupiers. The main floor features a versatile commercial/retail space with exposed original wood beams, providing character and charm, while offering high visibility on a bustling streetperfect for retail, office, service or medical uses. The second floor houses three fully rebuilt and renovated residential units, all designed to meet modern building codes. These units include two spacious two-bedroom apartments and one cozy one-bedroom apartment, each boasting high-quality finishes and updated systems, making them move-in ready. The building is fully leased, generating excellent cash flow and a healthy cap rate, ensuring strong and consistent rental income. This property is perfect for investors seeking stable returns or business owners looking for a live-work option. Situated on a vibrant, high-traffic street with excellent exposure, this turn-key building offers endless possibilities. Whether youre moving in your business while benefiting from residential tenant income or adding this gem to your investment portfolio, this is an opportunity you won't want to miss out on.
Location
Province ON
County Niagara
Community 662 - Fonthill
Area Niagara
Region 662 - Fonthill
City Region 662 - Fonthill
Interior
Cooling Yes
Exterior
Utilities Available Available
Others
Security Features No
Listed by ROYAL LEPAGE NRC REALTY
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