631 Front St Hearst, Ontario P0L 1N0
$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:47351)
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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March 21 2024 02:19:56
Timmins, Cochrane & Timiskaming District Association of REALTORS®
RE/MAX Crown Realty (1989) Inc