$1,795,000
Introducing Orchard House – an iconic 13,000 sq ft mixed-use commercial building situated on a half-acre of underutilized land, offering ample parking and extra yard/land space. This versatile, well maintained and upgraded property encompasses six apartments, an event hall with amenities and a large commercial rental space on the second floor currently leased by a successful Dance School. The well-maintained apartments offer a mix of 4 1-bedroom 1-bath units and 2 studios, all currently occupied with tenants under market rents. The main entrance to the building has a spacious vestibule, complemented by commercial washrooms and additional storage rooms. The Event Hall features a commercial kitchen, a fully equipped music/theater stage, along with designated office and storage spaces. Accommodating up to 160 people. The second floor, spanning approx 4,000 sq. ft. has been configured into 5 areas to accommodate the current tenant. This is a fantastic investment opportunity with a good income stream and is priced equivalent to its land value offering many options for future growth and potential expansion (id:50889)
Property Details
MLS® Number
10310093
Neigbourhood
Main North
Parking Space Total
20
Building
Heating Type
Forced Air, Heat Pump, See Remarks
Roof Material
Tar & Gravel,other
Roof Style
Unknown,unknown
Type
Residential Commercial Mix
Utility Water
Municipal Water
Land
Acreage
No
Current Use
Mixed Use
Sewer
Municipal Sewage System
Size Irregular
0.5
Size Total
0.5 Ac|under 1 Acre
Size Total Text
0.5 Ac|under 1 Acre
Zoning Type
Unknown