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In-PersonVirtual Tour
$ 1,195,000
Est. payment | /mo
13,989 SqFt
$ 1,195,000
Est. payment | /mo
13,989 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 13,989 sqft
Price per Sqft $85
MLS® Listing ID 24027575
Originating Board Windsor-Essex County Association of REALTORS®
Property Sub-Type Freehold
Property Description
Appraised at $1,569,000! If you're an investor seeking strong fundamentals, creative financing & massive upside potential, you've found it w/ this 10 unit mixed-use (6 Res/ 4 Comm) bldg in downtown Tilbury that has the opportunity to become 14+ units. Major updates include flat roof (23), facade masonry overhaul (24), several renovated units, exterior stairs & decking, along with preparatory demo for additional units yet to be created. The 4 commercial units benefit from walk by traffic, street parking & a municipally maintained rear lot. The largest commercial unit offers an opportunity for residential conversion at the rear (draft plans available) along with a large storefront featuring high ceilings & reclaimed brick. The apartments are always in demand, with one currently being renovated & another partially demolished in preparation for splitting into two. Contact LA for complete details about residential conversion opportunities, creative lending options & appraisal. (id:24570)
Location
State ON
Interior
Heating Forced air, Furnace,
Cooling Air Conditioned
Flooring Laminate, Concrete, Cushion/Lino/Vinyl
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Virtual Tour https://youtu.be/LSVeBfMQQIk
Listed by RE/MAX CAPITAL DIAMOND REALTY - 821
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "