3 beds · 1 bath · 2700 sqft
Huge Potential with immediate income opportunity can be found in this multi commercial/single residential zoned property with Great Highway exposure on a spacious .32 acre lot. Rental potential for retail/commercial and/or residential components. Residential consists of a 1200 sq.ft. open concept daylight basement suite with 3 bedrooms, 1 bath, in-floor heating, laundry room with a septic system & city water. Recent updating includes flooring, doors, hot water tank & new washer/dryer. Suite is accessed from the road behind & there is parking for two cars. A private exterior stair case leads to a gated entrance to 900 sq.ft. fenced outdoor patio & main floor entrance to commercial portion. Commercial portion is approx. 1500sq.ft. with excellent highway exposure/entrance and abundant parking lot out front. There is a large open space, storage rooms, own hot water tank & water softener. This space would suit a wide variety of business opportunities so let your imagination run wild. Vacant portion of lot approximately 2,544 square feet next to the building is currently used by the suite resident for outdoor space & gardening. Opportunity exists for additional commercial development or expansion of current building - Walking distance to grocery store, post office, gas station, elementary school, restaurants & more! Rent/lease both components, live in suite & rent out top, or live in suite and have your business right upstairs! (id:39198)
Building Type House, Detached
Year built 2003
Square Footage 2700 sqft
Stories 2
Bedrooms 3
Bathrooms 1
Parking 12
NeighbourhoodSalmon Vly / Falkland
Land size 0.32 ac|under 1 acre
Heating type Other
Basement type
Parking Type
Time on REALTOR.ca114 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: Royal LePage Downtown Realty
Home price
$569,900
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
$5,184 / month
Rent $4,584
Savings $600
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$4,569 / month
Rent $4,444
Savings $125
Initial deposit 5%
Savings target Fixed at 5%