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$ 1,475,000
Est. payment | /mo
5,544 SqFt
$ 1,475,000
Est. payment | /mo
5,544 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5544
Square Footage 5,544 sqft
Price per Sqft $266
Subdivision Port Hope
MLS® Listing ID X12459511
Property Description
Well maintained building in the highly sought after municipality of Port Hope. Port Hope is the hidden gem of Northumberland County. The Ganaraska River is behind the building where salmon fishing is plentiful, and the Capital Theater is steps away from the front door. The exterior facade was restored in 2016. There are five residential apartments as well as two commercial/retail units. One commercial unit is 750 square feet and the other is 2500. Commercial units are on three years leases, due in 2028 and 2029.Three of residential units are month to month , one is leased until July 2026 with another leased until August 2026. There are four two bedroom apartments and one three bedroom apartment. All units have one designated parking spot along the east of the building. The property falls under Conservation Control, Easement, Flood Plain, Heritage Port Hope. Buyer to be aware of the Port Hope Initiative. Great Income. At the list price the property has a cap rate of 7.3%. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by ROYAL SERVICE REAL ESTATE INC.
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