188-192 RAGLAN Street S, Renfrew, ON K7V 1R1

Renfrew K7V 1R1 Ontario

MLS: X12824608

$599,900

Added 1 day ago | For Sale

Listed by: RE/MAX HALLMARK REALTY GROUP

About Property

**Interior photos to come soon - email me to be notified** Want to open a Cafe or Men's clothing store OR be an investor? AN OWNER-OCCUPIER'S DELIGHT or INVESTORS CASH COW in the growing town of Renfrew. Only 45 min from Ottawa, this Exceptional mixed-use investment opportunity with immediate cash flow and significant value-add potential. All Roofs replaced 2024 plus updates equal $100,000 over last 2 years. Featuring one leased long-term tenant retail storefront ($2500+hydro), another vacant 1250 sqft storefront retail, PLUS a 2,500+ sq. ft. second-floor office space (currently vacant). Potential Income & Expenses: Gross Income: $84,000/year ($2,000/month for office x 2 retail units at $2500/month) Expenses: Approx. $17,804/year (projected to decrease) Potential NOI: $62,196/year. The upper-level 2,500+ sq. ft. office presents major upside. Add value and resell, or hold for strong long-term cash flow. Priced at just over $100 per sq. ft., this is a rare opportunity to acquire a cash-flowing asset with substantial upside. AN ADDED BONUS: owner-occupiers can operate their business upstairs while off-setting costs with income from the leased retail units - potentially running at low to no overhead. Cash flow today. Increase value tomorrow. 24 hours' notice required for showings to see whole building. Book your viewing today. PUBLIC PARKING IN FRONT.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 51.41 X 119.58
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:From Highway 417 West, turn left onto Gillan Road, Turn left onto ON-60W, Destination will be on the right
  • Basement: ,
  • Possession Date:flexible
  • Annual Property taxes: $9780
  • Bedrooms:
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Gas Hot Water
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12824608

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
Get in Touch

By proceeding, you consent to receive calls and texts at the number you provided.

Powered by AgentEdge Inc

Terms & Conditions Privacy Policy

© Copyright All Rights Reserved.