70 Victoria Street, New Tecumseth, ON L9R 1L2

New Tecumseth L9R 1L2 Ontario

MLS: N12019048

$4,599,999

Added 42 days ago | For Sale

Listed by: CENTURY 21 WENDA ALLEN REALTY

About Property

70 Victoria St East Located in the Heart of Alliston is a Prime Mixed-Use Building that is Highly Sought-After due to its Premium Visibility & Foot Traffic. Solid Retail Long Term Leases with Extensive Leasehold Improvements. $$Million$$ Invested in the 4 Retail Units. Franchise Chains, Champs Burgers, Mac N' Wings, Pizzaiola along with Well Respected Cannabis Retailer Green Grove. All Long-Term Leases @ Premium Retail Rents. Upper Levels Features 8 Large 2 Bedroom + Den Fully Contained Apartments. Very Well-Maintained Building. Over $250K in Building Renovations Since 2021. Including Common Area Upgrades, Hot Water Tanks, Parking Lot Resurfacing, Full Roof Replacement, Full Apartment Renos and much more. Expansive Front and Rear Parking Areas. 6 of the 8 Residential Leases are Below Market & Month-to-Month. Tons of Upside Potential as This Building Has a Fantastic Reputation Within the Community, PLUS its Unbeatable Location! Massive Potential for Redevelopment in the Future if so Desired. The Numbers on this Investment Property will Impress. Please Inquire Further for Lease, Income and Expense Numbers

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 88 X 108
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Victoria St E & Centre St
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $14056
  • Bedrooms:
  • Total Parking Spaces:20
  • Parking Places:20
  • Heating Type:Electric Forced Air
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:N12019048

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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