Appraised at $1,569,000! If you’re an investor seeking strong fundamentals, creative financing & massive upside potential, you’ve found it w/ this 10 unit mixed-use (6 Res/ 4 Comm) bldg in downtown Tilbury that has the opportunity to become 14+ units. Major updates include flat roof (23), facade masonry overhaul (24), several renovated units, exterior stairs & decking, along with preparatory demo for additional units yet to be created. The 4 commercial units benefit from walk by traffic, street parking & a municipally maintained rear lot. The largest commercial unit offers an opportunity for residential conversion at the rear (draft plans available) along with a large storefront featuring high ceilings & reclaimed brick. The apartments are always in demand, with one currently being renovated & another partially demolished in preparation for splitting into two. Contact LA for complete details about residential conversion opportunities, creative lending options & appraisal. (id:56069)
| MLS® Number | 25001095 |
| Property Type | Multi-family |
| Equipment Type | Water Heater - Gas |
| Rental Equipment Type | Water Heater - Gas |
| Cooling Type | Partially Air Conditioned |
| Exterior Finish | Aluminum/vinyl, Brick |
| Flooring Type | Laminate, Mixed Flooring, Cushion/lino/vinyl |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air, Furnace |
| Stories Total | 2 |
| Type | Multi-family |
| Other | 20 |
| Acreage | No |
| Size Irregular | 73' X 191' |
| Size Total Text | 73' X 191' |
| Zoning Description | Uc (cbd) |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 3pc Bathroom | Measurements not available | ||
| Second Level | Kitchen/dining Room | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Kitchen/dining Room | Measurements not available | ||
| Second Level | Living Room | Measurements not available | ||
| Second Level | 3pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Living Room | Measurements not available | ||
| Second Level | Kitchen/dining Room | Measurements not available | ||
| Second Level | 3pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Living Room | Measurements not available | ||
| Second Level | Kitchen/dining Room | Measurements not available | ||
| Second Level | 3pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | 3pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Kitchen/dining Room | Measurements not available | ||
| Second Level | Living Room | Measurements not available |
https://www.realtor.ca/real-estate/27809407/21-queen-unit-13-tilbury
Contact us for more information
Matt Biggley, Ba, Bed
Real Estate Agent
(519) 252-5967
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