Motivated Seller; This exceptional mixed-use property offers a potential cap rate of 7-8%, making it a prime investment opportunity. The ground floor features a spacious 2,183 sq. ft. commercial unit with a basement, currently vacant and suitable for a wide range of uses, including restaurants, medical or dental practices, and more.The residential units have been recently renovated and are tenant-occupied on a month-to-month basis, providing flexibility for new owners. Additionally, free public parking is conveniently located just 100 meters from the building.Whether youre an investor seeking a high-yield property or a business owner looking for the perfect location with the option to live on-site, this property checks all the boxes. Dont miss out on this incredible opportunity! (id:56069)
| MLS® Number | X9271151 |
| Property Type | Retail |
| Community Name | Port Hope |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 5258 Sqft |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 120 Ft |
| SizeFrontage | 21 Ft |
| SizeIrregular | 21 X 120 Ft |
| SizeTotalText | 21 X 120 Ft |
| ZoningDescription | C3 |
https://www.realtor.ca/real-estate/27336325/104-106-walton-street-port-hope-port-hope
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Omar Mohammad
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