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Michael Page
Broker of Record
Shawn Page
Salesperson
189 Main Street, Sturgeon Falls *Prime Investment Opportunity in the Heart of Sturgeon Falls!* This fully rented, high-income property is an exceptional investment opportunity, offering a mix of commercial and residential units in a prime downtown location. The building features two commercial spaces, two 1-bedroom apartments, two 2-bedroom apartments, and one 3-bedroom apartment, generating strong revenue with most leases plus utilities. Designed for efficiency and long-term value, the property includes separate gas and hydro meters for every unit. In 2022, the main electrical cable was upgraded to 400 amps by Sudbury Hydro, ensuring a modern and reliable system. Further adding to its appeal, the two 2-bedroom apartments and the 3-bedroom apartment were newly built in 2022 from a former commercial space and now feature energy-efficient heat pumps. The roof was also replaced in 2022, enhancing the property's durability. For additional income potential, the basement equipped with its own private entrance could be converted into storage spaces. This is a rare chance to acquire a turnkey, high-performing investment in a thriving location. Listed at $1,175,000. (id:58987)
| BusinessType | Service |
| BusinessSubType | Miscellaneous services |
| MLS® Number | X11894798 |
| Property Type | Retail |
| Community Name | Sturgeon Falls |
| AmenitiesNearBy | Hospital |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 14 |
| RentalEquipmentType | Water Heater |
| CoolingType | Partially Air Conditioned |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeExterior | 6318 Sqft |
| SizeInterior | 6318 Sqft |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Hospital |
| SizeDepth | 132 Ft |
| SizeFrontage | 103 Ft |
| SizeIrregular | Bldg=103 X 132 Ft ; 13596 Sf |
| SizeTotalText | Bldg=103 X 132 Ft ; 13596 Sf|under 1/2 Acre |
| ZoningDescription | C1 |
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