Prime mixed-use property offering immediate cash flow and future upside. the upper level features a spacious 3 bedroom apartment, while approximately 2,000 sq ft of additional upper-level space presents an excellent opportunity for further development, expansion, or the creation of additional rental units (subject to city approval) The main floor is currently leased to a commercial tenant with 3 years remaining on the lease, providing stable and predictable income from day one. Ideal for investors, developers, or business owners seeking a high-visibility property with multiple revenue streams and significant value-add potential. A rare opportunity to acquire a property that combines secure commercial tenancy with residential development possibilities. (id:51189)
| MLS® Number | 1298882 |
| Property Type | Multi-family |
| AmenitiesNearBy | Highway |
| EquipmentType | None |
| RentalEquipmentType | None |
| BathroomTotal | 1 |
| BedroomsTotal | 3 |
| ConstructedDate | 1975 |
| ConstructionStyleAttachment | Detached |
| ExteriorFinish | Brick |
| FlooringType | Mixed Flooring |
| FoundationType | Concrete |
| HeatingFuel | Electric |
| HeatingType | Mini-split |
| SizeInterior | 3400 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandAmenities | Highway |
| Sewer | Municipal Sewage System |
| SizeIrregular | 50ft X 100ft |
| SizeTotalText | 50ft X 100ft|0-4,050 Sqft |
| ZoningDescription | R2 |
| Level | Type | Length | Width | Dimensions |
|---|
https://www.realtor.ca/real-estate/29911129/3-blackmarsh-road-st-johns
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