Introducing Orchard House – an iconic 13,000 SF mixed-use commercial building situated on a half-acre of underutilized land with ample parking and extra land space. This versatile property comprises 6 apartments, an event hall with amenities and a large commercial rental space on the second floor currently leased by a successful Dance School. The well-maintained apartments offer a mix of 4 1-bedroom 1-bath units and 2 studios, all currently occupied and under market rents. The main entrance has a spacious vestibule, with commercial washrooms. The Event Hall accommodates 200 people and features a commercial kitchen, a fully equipped music/theater stage, along with several rooms and storage. The second floor, approx 4,000 SF has been configured into 5 areas to accommodate the current tenant. This is a fantastic investment opportunity with a good income stream and is priced equivalent to its land value offering many options for future growth and potential expansion. (id:47421)
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Detailed Information
Listing Contract Date
2023-11-15
Municipal ID
012-015-211
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Zoning
Unknown
Building
Constructed Date
1951
Heating Type
Forced air, See remarks
Roof Style
Conventional
Type
Other
Utility Water
Municipal water
Land
Total Size
0.5 acres
Sewer
Municipal sewage system
Size of Irregular Land
0.5
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