31
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$4,349,999
Est. payment /mo
14,625 SqFt
Price Dropped by $250K
70 Victoria ST E New Tecumseth, ON L9R 1L2
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 14,625 sqft
Price per Sqft $297
Subdivision Alliston
MLS Listing ID N12019048
Building Age 31-50
Annual Tax Amount $14,056
Tax Year 2024
Property Sub-Type Investment
Property 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
Location
Province ON
County Simcoe
Community Alliston
Area Simcoe
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 88.0
Lot Depth 108.0
Others
Security Features Partial
Virtual Tour https://player.vimeo.com/video/1065044436
Listed by CENTURY 21 WENDA ALLEN REALTY