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70 Victoria Street Image 1

$4,599,999

Mar 14Investment For Sale
bedroomsbed
washrooms0bath
MLS - #N12019048

70 Victoria Street, New Tecumseth, ON L9R 1L2

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Average Price
459999900.0%
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Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

N/A

About 70 Victoria Street

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

Home Overview

Last updated

Mar 14

Virtual tour

None

Basement information

Building size

14625

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Listed by CENTURY 21 WENDA ALLEN REALTY

Additional Details

Basement:N/A
Cooling:Yes
Heating:Electric Forced Air
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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