$899,900
FOR SALE

Office

Lot: 66 x 132 ft

488 Main Street
Powassan, ON P0H 1Z0

Opportunity knocking! Nestled in the heart of quaint and friendly Powassan, this spotless and impeccably maintained, 6-unit multi-residential plus commercial income property is a testament to a smart real estate investment. Boasting a harmonious blend of residential and commercial space, offers a dynamic opportunity with a robust return on investment. Despite the passage of time, this building remains a cherished landmark in the neighbourhood, its beauty and charm enduring for generations to come. Each of the six residential units has been meticulously updated ensuring tenant satisfaction and maximizing rental income. Every detail has been thoughtfully curated to enhance both functionality and aesthetics. The main level commercial space is currently vacant. 400 sf of space is perfectly suited for various uses to provide for an additional income potential and flexibility. Whether utilized as a storefront, office space, or boutique, its prime location ensures high visibility and foot traffic, further augmenting its value. With plentiful parking spaces and dedicated storage areas under a covered car port area, tenants can enjoy the utmost convenience and peace of mind. This turnkey property offers easy access to highway ON 11 for both residents and commuters alike. With nothing left to be done, investors can enjoy immediate cash flow and peace of mind, knowing that the property has been maintained and updated to the highest standards. In summary, this 6-unit multi-residential plus commercial income property offers a rare combination of modern convenience, income potential, and investment stability. It stands as a beacon of opportunity in the competitive real estate market located 3.3 hours from Toronto and only a 20 min drive to North Bay. (id:47421)
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Listed By REALTY EXECUTIVES Local Group Inc. Brokerage
Data Provided By North Bay and Area REALTORS® Association
MLS® Listing Number 40590163
Last Updated Sep 16, 2024
Property Summary
Property Type Office

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Subdivision Powassan
Price History

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Detailed Information
Lot 66 x 132 ft
Amenities Nearby Schools
Communication Type High Speed Internet
Community Features High Traffic Area
Features Visual exposure, Paved driveway, Crushed stone driveway
Listing Contract Date 2024-05-21
Location Description HWY 11 to the Clark St./ HwY 534 exit to right on Main St. On the corner of Main and Memorial Park Dr.
Ownership Type Freehold
# of Parking Spaces 8
Property Type Office
Transaction Type For sale
Zoning Description CV1
Building
Basement Type Full
Constructed Date 1940
Exterior Finish Brick
Foundation Type Stone
Stories Total 2.5
Size (Exterior) 6906
Utility Water Municipal water
Utilities
Type Description
Natural GasAvailable
TelephoneAvailable
Land
Total Size under 1/2 acre
Access Type Highway access
Amenities Schools
Sewer Municipal sewage system

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