$1,499,000
FOR SALE

Commercial/Retail

Lot: 65 x 170.17 ft

8 Highway No 20 Road W
Pelham (662 - Fonthill), ON L0S 1E6

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. (id:47421)
Share
Listed By ROYAL LEPAGE NRC REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X11881085
Last Updated Dec 04, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Community 662 - Fonthill
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Lot 65 x 170.17 ft
Listing Contract Date 2024-12-03
Location Description Pelham & HWY 20
Property Type Retail
Transaction Type For sale
Zoning Description Main Street
Building
Appliances Water Heater
Cooling Type Fully air conditioned
Heating Type Other
Type Residential Commercial Mix
Utility Water Municipal water
Land
Total Size 65 x 170.19 FT
Size of Irregular Land 65 x 170.19 FT

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)