Opportunity to obtain an extensively renovated multi-tenanted mixed-use investment property, featuring Commercial on the Main Floor and 10 Residential units above. Constructed circa 1960s and extensively upgraded in the last 5 years. The main floor retail unit totals approximately 9,577 sq. ft. and is fully leased to Fields Store under a new 5-year term effective November 2024. The second-floor residential units were upgraded in 2021. Situated on an approx. 13,024 sq. ft. C2-Central Business zoned lot. Offered at an attractive CAP rate of 7.02% on the asking price, with a solid tenant mix, makes this a smart investment for the future. (id:44393)
| MLS® Number | 10367051 |
| Property Type | Other |
| Neigbourhood | Princeton |
| Constructed Date | 1961 |
| Exterior Finish | Wood |
| Roof Material | Unknown |
| Roof Style | Unknown |
| Size Interior | 17,132 Ft2 |
| Type | Residential Commercial Mix |
| Acreage | No |
| Current Use | Mixed Use |
| Size Irregular | 0.3 |
| Size Total | 0.3 Ac|under 1 Acre |
| Size Total Text | 0.3 Ac|under 1 Acre |
| Zoning Type | Commercial |
https://www.realtor.ca/real-estate/29044962/219-vermillion-avenue-princeton-princeton
Contact us for more information
Ron Plowright
Personal Real Estate Corporation
(604) 858-7179
(604) 858-7197
www.bobplowright.com
Bob Plowright
(604) 858-7179
(604) 858-7197
www.bobplowright.com
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