$4,599,999
Available - For Sale
Listing ID: N12019048
70 Victoria St East , New Tecumseth, L9R 1L2, Ontario
| 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 |
| Price | $4,599,999 |
| Taxes: | $14056.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 70 Victoria St East , New Tecumseth, L9R 1L2, Ontario |
| Postal Code: | L9R 1L2 |
| Province/State: | Ontario |
| Lot Size: | 88.00 x 108.00 (Feet) |
| Directions/Cross Streets: | Victoria St E & Centre St |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 14625.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 66 |
| Office/Appartment Area Code: | % |
| Retail Area: | 33 |
| Retail Area Code: | % |
| Approximatly Age: | 31-50 |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 7 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Part |
| Soil Test: | N |
| Clear Height Feet: | 40 |
| Heat Type: | Elec Forced Air |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Water: | Municipal |
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| CENTURY 21 WENDA ALLEN REALTY |
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | New Tecumseth |
| Neighbourhood: | Alliston |
| Lot Size: | 88.00 x 108.00(Feet) |
| Approximate Age: | 31-50 |
| Tax: | $14,056 |
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