Property Specs:
Price$1,195,000.00
CityTilbury, ON
Address21 Queen Unit# 13
Listing ID25001095
ConstructionAluminum/Vinyl, Brick
FlooringCushion/Lino/Vinyl, Laminate, Mixed Floo…
ParkingOther
Land Size73' X 191'
TypeMulti-Family
StatusFor sale
Extended Features:
Equipment Water Heater - GasOwnership FreeholdRental Equipment Water Heater - GasCooling Partially air conditionedHeating Baseboard heaters, Forced air, FurnaceHeating Fuel Electric, Natural gas
Details:
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:4555)