Excellent investment opportunity in the heart of downtown Mount Forest. This well-maintained and nicely updated mixed-use property offers strong current income with significant upside potential. The building includes two main-floor retail commercial units in a high-visibility downtown location, along with seven residential apartments consisting of four one-bedroom units, two two-bedroom units, and one studio apartment. The property benefits from plenty of on-site parking, and two additional storage buildings on the site provide excellent potential for further development, expansion, or additional revenue streams. With opportunities to improve operating efficiencies and increase rental income over time, this property represents a solid value-add investment. Ideal for investors seeking a stable return with long-term growth potential in a prime downtown setting. (id:52316)
Keller Williams Home Group Realty
$1,250,000
157 MAIN STREET N, Wellington North, Ontario
Property
MLS® Number: X12766598
Address: 157 MAIN STREET N
City: Wellington North
Utilities
Heating: Baseboard Heaters, Forced Air, Natural Gas
Parking
Parking Spaces: 15
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Property Sale History
Travel and Neighbourhood
76/100Walk Score®
Very Walkable
Location
