7
See all 7 photos
$3,488,000
Est. payment /mo
7 Baths
New
770 FOURTH AVENUE Tay (port Mcnicoll), ON L0K1R0
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Port Mcnicoll
MLS® Listing ID S13618058
Property Description
Exceptional turnkey investment opportunity featuring a well-maintained mixed-use property with multiple income streams. The building offers six residential units, including five 2-bedroom apartments on the second floor (2 currently vacant for immediate rental upside) and one 1-bedroom unit on the ground floor. All existing tenants are long-term and have been committed. The balance of the ground floor is occupied by an established Anchor Post Office consisting of 2 units, providing stable commercial income. Additional revenue is generated by an on-site coin-operated washer and dryer. Five residential units have been updated with LED lighting, cupboards, countertops, backsplash, flooring, custom blinds, hardware and some newer sliding glass doors. Each individual unit has its own baseboard heating. The roof is approximately 6 years old with a 25-year warranty, and the building is monitored by 5 security cameras. Parking includes 6 tenant spaces, 2 visitor spaces, handicap parking at the rear, plus dedicated front parking and side shipping space for the Post Office . Basic city garbage containers are conveniently located at the rear. A long-term tenant voluntarily assists with minor on-site maintenance, making this an even more attractive hands-off investment. Ideally located within walking distance to restaurants, convenience stores, beaches, and scenic walking trails, including nearby Pride Point, Awenda Provincial Park, and Port McNicoll Pier. Comprehensive due diligence is available for qualified buyers, including all residential leases, Anchor Post Office lease details, Profit & Loss statements for 2024, 2025 and year-to-date 2026, plus utility and property tax information. A rare opportunity to acquire a stabilized income-producing asset with diversified revenue, documented financials, immediate upside through two vacant units, and excellent long-term investment potential with a Perpetual Lease. Professional photos and floor plans will be provided shortly. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Hot Water
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by RIGHT AT HOME REALTY
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