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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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 Gas
Available
Telephone
Available
Land
Total Size
under 1/2 acre
Access Type
Highway access
Amenities
Schools
Sewer
Municipal sewage system
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