Contact us for more information
Michael Page
Broker of Record
(705) 753-1155
Shawn Page
Broker
(705) 753-1155
189 Main Street, Sturgeon Falls *Prime Investment Opportunity in the Heart of Sturgeon Falls!* This fully rented, high-income property is an exceptional investment opportunity, offering a mix of commercial and residential units in a prime downtown location. The building features two commercial spaces, two 1-bedroom apartments, two 2-bedroom apartments, and one 3-bedroom apartment, generating strong revenue with most leases plus utilities. Designed for efficiency and long-term value, the property includes separate gas and hydro meters for every unit. In 2022, the main electrical cable was upgraded to 400 amps by Sudbury Hydro, ensuring a modern and reliable system. Further adding to its appeal, the two 2-bedroom apartments and the 3-bedroom apartment were newly built in 2022 from a former commercial space and now feature energy-efficient heat pumps. The roof was also replaced in 2022, enhancing the property's durability. For additional income potential, the basement equipped with its own private entrance could be converted into storage spaces. This is a rare chance to acquire a turnkey, high-performing investment in a thriving location. Listed at $1,175,000. (id:58987)
| Business Type | Service |
| Business Sub Type | Miscellaneous services |
| MLS® Number | X11894798 |
| Property Type | Retail |
| Community Name | Sturgeon Falls |
| Amenities Near By | Hospital |
| Equipment Type | Water Heater |
| Parking Space Total | 14 |
| Rental Equipment Type | Water Heater |
| Cooling Type | Partially Air Conditioned |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 6318 Sqft |
| Size Interior | 6,318 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Hospital |
| Size Depth | 132 Ft |
| Size Frontage | 103 Ft |
| Size Irregular | Bldg=103 X 132 Ft ; 13596 Sf |
| Size Total Text | Bldg=103 X 132 Ft ; 13596 Sf|under 1/2 Acre |
| Zoning Description | C1 |
| Electricity | Installed |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
