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8 Highway No 20 Road Image 1

$1,499,000

Dec 4, 2024Store W Apt/Office For Sale
bedroomsbed
washrooms0bath
MLS - #X11881085

8 Highway No 20 Road, Pelham, ON L0S 1E6

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Average Price
149900000.0%
Higher than average

Price Comparison

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Property Description

Property type

Store W Apt/Office

Lot size

N/A

Style

Approx. Area

N/A

About 8 Highway No 20 Road

This beautifully restored two-story building in the heart of Fonthill's vibrant and thriving town centre offers a rare opportunity to own a fully turn-key, fully leased property in a high-traffic location. With 3,331 ft of meticulously engineered and redesigned space, this property seamlessly blends modern upgrades with historic charm, making it a standout asset for investors or owner-occupiers. The main floor features a versatile commercial/retail space with exposed original wood beams, providing character and charm, while offering high visibility on a bustling streetperfect for retail, office, service or medical uses. The second floor houses three fully rebuilt and renovated residential units, all designed to meet modern building codes. These units include two spacious two-bedroom apartments and one cozy one-bedroom apartment, each boasting high-quality finishes and updated systems, making them move-in ready. The building is fully leased, generating excellent cash flow and a healthy cap rate, ensuring strong and consistent rental income. This property is perfect for investors seeking stable returns or business owners looking for a live-work option. Situated on a vibrant, high-traffic street with excellent exposure, this turn-key building offers endless possibilities. Whether youre moving in your business while benefiting from residential tenant income or adding this gem to your investment portfolio, this is an opportunity you won't want to miss out on.

Home Overview

Last updated

Dec 4, 2024

Virtual tour

None

Basement information

Building size

3553

Status

In-Active

Property sub type

Store W Apt/Office

Maintenance fee

$N/A

Year built

--

Listed by ROYAL LEPAGE NRC REALTY

Additional Details

Basement:N/A
Cooling:Yes
Heating:Other
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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Walk Score for 8 Highway No 20 Road

Some information about this property - Highway No 20 Road

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