188-192 RAGLAN STREET S

  • 2 hours ago
RetailOntarioRenfrewK7V1R1188-192 RAGLAN Street, Renfrew, Ontario, Canada, K7V1R1

188-192 RAGLAN Street, Renfrew, Ontario, Canada, K7V1R1

188-192 RAGLAN Street, Renfrew, Ontario, Canada, K7V1R1

Basics

  • Date added: Added 2 hours ago
  • Category:
  • Area: 5000 sq ft
  • Lot size: 0 sq ft
  • SubdivisionName: 540 - Renfrew
  • ListOfficeName: RE/MAX HALLMARK REALTY GROUP
  • MLS ID: X12824608

Description

  • Description:

    **Interior photos to come soon - email me to be notified** 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 2023. 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. (id:62692)

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Building Details

  • ParkingTotal: 4
  • Heating: Hot water radiator heat

Amenities & Features

  • Waterfront available: No
  • OpenParkingYN: No
  • AttachedGarageYN: No
  • GarageYN: No
  • CarportYN: No
  • PoolYN: No
  • CoolingYN: Yes
  • Cooling: None
  • Total Fireplaces: 0

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