$2,997,000
Available - For Sale
Listing ID: N12105640
146 Victoria Street West , New Tecumseth, L9R 1L7, Simcoe
| Turnkey Income Property 14 Units with Expansion Potential. A rare opportunity to own a steady, high-yield income property. This well-maintained building features 14 fully renovated units, each equipped with a kitchenette including stove, oven, range hood, and fridge. The property operates primarily as short-term rentals with the flexibility for longer stays, ensuring consistent cash flow.The lower level offers the potential to add 3 to 4 more units, boosting future revenue. Zoned Downtown Commercial, this site also holds strong redevelopment or repurposing potential. Dual access from front street : Victoria Street W., and Elizabeth Street at rear, that adds convenience and value. With excellent upkeep, a central location, and long-term growth prospects, this property is an income generator for today and the next generation. |
| Price | $2,997,000 |
| Taxes: | $13575.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 146 Victoria Street West , New Tecumseth, L9R 1L7, Simcoe |
| Postal Code: | L9R 1L7 |
| Province/State: | Simcoe |
| Legal Description: | LT K N/S VICTORIA ST PL 253 ESSA TWS: NE |
| Directions/Cross Streets: | King St. N./Victoria St.W. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 13 To 20 Units |
| Building Percentage: | T |
| Total Area: | 13648.63 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 8500 |
| Office/Appartment Area Code: | Sq Ft |
| Area Influences: | Greenbelt/Conse Recreation/Comm |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Washrooms: | 0 |
| Outside Storage: | F |
| Heat Type: | Other |
| Central Air Conditioning: | Yes |
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| MSIERRA REALTY GROUP INC. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Simcoe |
| Municipality: | New Tecumseth |
| Neighbourhood: | Alliston |
| Tax: | $13,575 |
| Fireplace: | N |
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