Property Description for 4 ELORA STREET N
Prime Mixed-Use Investment Opportunity in Thriving Harriston. Robust income-generating property at the main intersection in a community experiencing significant growth. This exceptional commercial real estate offering presents a diversified portfolio with seven distinct revenue streams, making it an ideal acquisition for savvy investors or owner-operators. $150,000+ in recent upgrades underscore the quality and value of this investment. The property currently features five fully rented residential units, with tenants in good standing, ensuring immediate and consistent rental income of over $90,000 annually. Employee and tenant parking is conveniently available at the rear of the building, with additional curbside parking along the south side street. Complementing these is a 550 sq ft commercial space, ready for your business or a new tenant. Further diversifying your income, the property benefits from ongoing revenue generated by advertising signage on the building. Additionally, the basement offers significant potential for extra storage space and tenant laundry facility. With the potential to generate $100,000+ in annual income, this property is a strategic acquisition in a high-traffic location. Don't miss out on this unique chance to capitalize on a truly diversified and high-potential investment. (id:38686)
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Property Details
Property Tax
: $7,140MLS® #
: X12271097
Home Features
Property Type
: MultiFamilySquare Footage
: 7,454 SQFT
Interior Features
Heating
: Other
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