157 Main Street N, Wellington North, ON N0G 2L2

Wellington North N0G 2L2 Ontario

MLS: X12766598

$1,250,000

Added 12 days ago | For Sale

Listed by: Keller Williams Home Group Realty

About Property

Excellent investment opportunity in the heart of downtown Mount Forest. This well-maintained and nicely updated mixed-use property offers strong current income with significant upside potential. The building includes two main-floor retail commercial units in a high-visibility downtown location, along with seven residential apartments consisting of four one-bedroom units, two two-bedroom units, and one studio apartment. The property benefits from plenty of on-site parking, and two additional storage buildings on the site provide excellent potential for further development, expansion, or additional revenue streams. With opportunities to improve operating efficiencies and increase rental income over time, this property represents a solid value-add investment. Ideal for investors seeking a stable return with long-term growth potential in a prime downtown setting.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 60 X 238
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Birmingham St & Wellington St
  • Basement: ,
  • Possession Date:Immediate
  • Annual Property taxes: $7983.28
  • Bedrooms:
  • Total Parking Spaces:15
  • Parking Places:15
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12766598

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