631 Front St, Hearst, Ontario P0L 1N0

The property is situated on the corner of Front St and Sixth St 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:27476)

Here is a remarkable opportunity for commercial investment. This property consists of 10 units, with 9 being commercial rental units and 1 being a residential unit, bringing in a total gross income of over $115,000 annually. All units are currently occupied by long-term tenants. The residential unit is a recently renovated 1,500 sqft, 3-bedroom, 1-bath apartment, with the tenant responsible for their own hydro costs.

Each of the 9 commercial units is equipped with a bathroom, air conditioning, and separate entrances. The majority of the commercial units have undergone renovations within the past year, with the most recent updates occurring in 2022 for 3 out of the 9 units. Most tenants are responsible for their own utilities, with the exception of 4 tenants.

Significant renovations have been made to the property, including updates to the electrical and plumbing systems between 2004 and 2006, as well as roof renovations. The front half of the roof was updated in 2004, while the second level and back half were updated in 2021. In total, the property offers 11,500 sqft of prime commercial space.

This property is a lucrative investment opportunity that you won't want to miss out on!

This property is for sale and has a land size of 0.7 acres. It is located at 631 Front St. in the city of Hearst, Ontario, with the postal code P0L1N0. The property utilizes electric and natural gas as heating fuels, with heating types including baseboard heaters, forced air, and space heaters.