Price ChangeFor Sale

70 Victoria Street E
New Tecumseth, Simcoe, ON, L9R 1L2

Investment
TRREB
MLS® Number: N12019048
$4,349,999List Price
InvestmentProperty Type
14,625 sq ftSize
$14,056 / 2024Taxes (Annual)
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PRICE CHANGED
$4,349,999
Previously Listed For:
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Listing History

Buy/sell history for 70 Victoria Street E, New Tecumseth, ON L9R 1L2

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Description

70 Victoria St East Located in the Heart of Alliston is a Prime Mixed-Use Building that is Highly Sought-After due to its Premium Visibility & Foot Traffic. Solid Retail Long Term Leases with Extensive Leasehold Improvements. $$Million$$ Invested in the 4 Retail Units. Franchise Chains, Champs Burgers, Mac N' Wings, Pizzaiola along with Well Respected Cannabis Retailer Green Grove. All Long-Term Leases @ Premium Retail Rents. Upper Levels Features 8 Large 2 Bedroom + Den Fully Contained Apartments. Very Well-Maintained Building. Over $250K in Building Renovations Since 2021. Including Common Area Upgrades, Hot Water Tanks, Parking Lot Resurfacing, Full Roof Replacement, Full Apartment Renos and much more. Expansive Front and Rear Parking Areas. 6 of the 8 Residential Leases are Below Market & Month-to-Month. Tons of Upside Potential as This Building Has a Fantastic Reputation Within the Community, PLUS its Unbeatable Location! Massive Potential for Redevelopment in the Future if so Desired. The Numbers on this Investment Property will Impress. Please Inquire Further for Lease, Income and Expense Numbers

Features

No features available

Amenities

No amenities available

Summary

Tax (Annual):$14,056 / 2024
Listing #:N12019048
Property Type:Investment
Building Age:31-50
Size:14,625 sq ft
Land Size:88 x 108
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:CENTURY 21 WENDA ALLEN REALTY

Rooms

Details

Property

Property Type:Investment
Community:Alliston
Municipality:Simcoe

Building

Size:14,625 sq ft
Building Age:31-50

Inside

Bedrooms:0
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Electric Forced Air

Land

Cross Street:Victoria St E & Centre St

$4,349,999

List price

70 Victoria Street E, New Tecumseth – Investment for sale · MLS® # N12019048