11,969 ft²Retail / Multifamily / OtherContactSale
Unleash the potential of this fully-stratified mixed-use building. With 14 residential and 4 retail strata lots, this property offers stable cash flow and the chance to reposition the residential suites as individual condos or maximize rental income. Plus, with generous retail spaces that can be combined for larger premises, multiple exit strategies and even redevelopment opportunities await.
Features: - 100% interest in a stratified building – Unique opportunity to own a fully-stratified mixed-use building with 14 residential and 4 retail strata lots - Secure cash flow – Fully occupied with stable tenants, providing steady income - Repositioning potential – residential suites are condo sized, providing an excellent opportunity to sell the units individually or increase to market rents - Retail exit strategies – Generously sized retail units with the flexibility to be combined for a larger contiguous premises, which will inevitably attract both investors and owner-users - Redevelopment potential – Current zoning of C-2 offers increased density for a purpose-built rental building and a further increase in density if assembled with the adjacent properties