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Est. payment /mo
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision 609 - Alfred
MLS Listing ID X14160442
Style 2-Storey
Bedrooms 2
Annual Tax Amount $3,560
Tax Year 2026
Property Sub-Type Fourplex
Property Description
ATTENTION INVESTORS! An exceptional opportunity to own a versatile income-producing mixed-use property in the heart of Alfred! This impressive four-unit building features three residential apartments and one established commercial unit, offering multiple streams of rental income and excellent upside potential. The residential portion consists of two spacious 2-bedroom apartments and one bachelor unit. Adding to its appeal, one of the 2-bedroom apartments has been completely renovated and is currently vacant, allowing the new owner to set their own rental rate, with an estimated rental potential of approximately $1,300/month plus heat and hydro. The commercial unit is currently occupied by the well-established Milano Pizza, providing an additional source of income and stability.Ideally situated along Highway 17, this property benefits from excellent exposure, convenient access to local amenities, schools, restaurants and everyday services, while offering easy connectivity to both Ottawa and Montreal. With an established commercial tenant secured under a renewed four-year triple-net lease, three residential units and the added opportunity to maximize rental income from the vacant renovated apartment, this property presents an outstanding investment opportunity. Boasting a true potential net capitalization rate of 10.28%, this is an attractive opportunity for investors seeking strong income potential, multiple revenue streams and long-term value in a desirable central location. Don't miss your chance to add this exceptional mixed-use investment property to your portfolio!
Location
State ON
County Prescott And Russell
Area Prescott And Russell
Rooms
Family Room No
Basement Partial Basement
Kitchen 1
Interior
Interior Features Carpet Free, Primary Bedroom - Main Floor, Separate Heating Controls, Separate Hydro Meter
Cooling None
Exterior
Exterior Feature Deck
Parking Features Unreserved
Pool None
Roof Type Asphalt Shingle
Lot Frontage 87.93
Lot Depth 62.55
Total Parking Spaces 1
Building
Foundation Concrete Block
Sewer Municipal Available
Others
Senior Community No
ParcelsYN No
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Listed by EXP REALTY