ON > Pelham
Pelham, ON L0S 1E6,8 Highway No 20 RD W
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Pelham, ON L0S 1E6,8 Highway No 20 RD W
Pelham, ON L0S 1E6,8 Highway No 20 RD W
Pelham, ON L0S 1E6,8 Highway No 20 RD W
Pelham, ON L0S 1E6,8 Highway No 20 RD W
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 1,499,000
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8 Highway No 20 RD W Pelham, ON L0S 1E6

3,553 SqFt

UPDATED:

12/04/2024 05:18 PM

Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Square Footage 3,553 sqft

Price per Sqft $421

MLS Listing ID X11881085

Annual Tax Amount $6,615

Tax Year 2024

Property Description

This beautifully restored two-story building in the heart of Fonthill's vibrant and thriving town centre offers a rare opportunity to own a fully turn-key, fully leased property in a high-traffic location. With 3,331 ft of meticulously engineered and redesigned space, this property seamlessly blends modern upgrades with historic charm, making it a standout asset for investors or owner-occupiers. The main floor features a versatile commercial/retail space with exposed original wood beams, providing character and charm, while offering high visibility on a bustling streetperfect for retail, office, service or medical uses. The second floor houses three fully rebuilt and renovated residential units, all designed to meet modern building codes. These units include two spacious two-bedroom apartments and one cozy one-bedroom apartment, each boasting high-quality finishes and updated systems, making them move-in ready. The building is fully leased, generating excellent cash flow and a healthy cap rate, ensuring strong and consistent rental income. This property is perfect for investors seeking stable returns or business owners looking for a live-work option. Situated on a vibrant, high-traffic street with excellent exposure, this turn-key building offers endless possibilities. Whether youre moving in your business while benefiting from residential tenant income or adding this gem to your investment portfolio, this is an opportunity you won't want to miss out on.

Location

Province ON

County Niagara

Community 662 - Fonthill

Area Niagara

Region 662 - Fonthill

City Region 662 - Fonthill

Interior

Cooling Yes

Exterior

Utilities Available Available

Lot Depth 170.19

Others

Security Features No

Listed by ROYAL LEPAGE NRC REALTY
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8 Highway No 20 RD W