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Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $2,753
Days Active 46
Approx. Age 
MLS® Number X12111062

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Calling all smart investors! Welcome to 411 Main Street South, a prime mixed-use building located in the historic core of downtown Exeter, Ontario. This property offers exceptional cash flow potential with two street-level retail spaces currently vacant ready for your next venture or available for lease to new tenants. In addition to the retail storefronts, the building features five fully renovated residential units at the rear and upper levels. Separate entrances at both the front and rear of the building provide easy access for tenants. Three units are already occupied by long-term tenants, while the remaining two units offer flexibility for owner occupancy or additional rental income. Highlighted features include: Full renovation of all residential units to meet 2025 building code standards; Brand new kitchens in two of the units; New siding and windows (installed three years ago); Brand new electrical throughout the entire building; Baseboard heating with individual controls in each unit; Four owned hot water tanks; Interconnected fire alarm system; Whole-building Wi-Fi coverage. This turn-key property is perfect for investors seeking a secure, income-generating asset with minimal work needed. Easy 11% cap rate when fully occupied. Proforma financials are available upon request. Opportunities like this don't come around often, don't miss out! Call today to schedule your private showing!Show Description
MLS® NumberX12111062
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard
A/CNo
Heating Fuel

Extras

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