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488 Main Street Powassan, Ontario P0H 1Z0

6906 sqft

$899,900

Opportunity knocking! Nestled in the heart of quaint and friendly Powassan, this spotless and impeccably maintained, 6-unit multi-residential plus commercial income property is a testament to a smart real estate investment. Boasting a harmonious blend of residential and commercial space, offers a dynamic opportunity with a robust return on investment. Despite the passage of time, this building remains a cherished landmark in the neighbourhood, its beauty and charm enduring for generations to come. Each of the six residential units has been meticulously updated ensuring tenant satisfaction and maximizing rental income. Every detail has been thoughtfully curated to enhance both functionality and aesthetics. The main level commercial space is currently vacant. 400 sf of space is perfectly suited for various uses to provide for an additional income potential and flexibility. Whether utilized as a storefront, office space, or boutique, its prime location ensures high visibility and foot traffic, further augmenting its value. With plentiful parking spaces and dedicated storage areas under a covered car port area, tenants can enjoy the utmost convenience and peace of mind. This turnkey property offers easy access to highway ON 11 for both residents and commuters alike. With nothing left to be done, investors can enjoy immediate cash flow and peace of mind, knowing that the property has been maintained and updated to the highest standards. In summary, this 6-unit multi-residential plus commercial income property offers a rare combination of modern convenience, income potential, and investment stability. It stands as a beacon of opportunity in the competitive real estate market located 3.3 hours from Toronto and only a 20 min drive to North Bay. (id:44373)

Property Details

MLS® Number 40590163
Property Type Office
Amenities Near By Schools
Communication Type High Speed Internet
Community Features High Traffic Area
Features Visual Exposure, Paved Driveway, Crushed Stone Driveway
Parking Space Total 8

Building

Basement Type Full
Constructed Date 1940
Exterior Finish Brick
Foundation Type Stone
Stories Total 3
Size Exterior 6906.0000
Size Interior 6906 Sqft
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Schools
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 66 Ft
Size Total Text Under 1/2 Acre
Zoning Description Cv1

Utilities

Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26925697/488-main-street-powassan

Interested?

Contact us for more information


Kathleen Cutsey
Salesperson

(705) 492-3132

Realty Executives Local Group Inc. Brokerage
325 Main Street, West
North Bay, Ontario P1B 2T9

(705) 478-8588
www.realtyexecutivesnorthbay.com

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