SHERRY PANAGAPKA

Real Estate Ltd., Brokerage

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631 Front St, Hearst, Ontario P0L 1N0 (26176141)


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631 Front St Hearst, Ontario P0L 1N0

11500
Baseboard Heaters, Forced Air, Space Heater

$680,000

An incredible commercial investment opportunity to say the least. This 10-unit commercial investment property features 9 commercial rental units and 1 residential unit and generates a gross income of just over $115,000 a year. The property is currently fully tenanted by long-term tenants. The residential unit is a 1,500 sqft 3 bedroom 1 bath apartment that was recently renovated, the tenant pays for their hydro costs. The 9 commercial units all feature a bathroom, air conditioning, and separate entrances. The commercial units have all seen renovations in the past year, the most recent being in 2022 (3/9 units). Most tenants pay for their respective utilities except for 4 tenants. Major renovations include updating the electrical and plumbing systems from 2004 to 2006 and roof renovations, part of the roof was updated in 2004 (front half), and the remainder was updated in 2021 (2nd level and back half. The entire property offers 11,500 sqft of well-located commercial space. You don't want to miss your chance on this one! (id:39666)

Business

Business Type Other, Retail and Wholesale
Business Sub Type Other, General retail

Property Details

MLS® Number TM232049
Property Type Other
Community Name Hearst
Communication Type High Speed Internet
Features Wheelchair Access

Building

Amenities Storefront, Street Lighting
Basement Type Partial
Constructed Date 1948
Construction Material Poured Concrete
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air, Space Heater
Size Interior 11500
Utility Water Municipal Water

Parking

Other 11
Surfaced
Parking Space(s) 25

Land

Access Type Road Access
Acreage No
Sewer Municipal Sewage System
Size Frontage 261.8000
Size Irregular 0.7
Size Total 0.7 Ac|1/2 - 1 Acre
Size Total Text 0.7 Ac|1/2 - 1 Acre

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26176141/631-front-st-hearst-hearst

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