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$ 799,000
Est. payment | /mo
3,574 SqFt
$ 799,000
Est. payment | /mo
3,574 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,574 sqft
Price per Sqft $223
Subdivision Exeter
MLS Listing ID X12232540
Annual Tax Amount $2,753
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Calling all smart investors! Welcome to 413 & 411 Main Street South, an Opportunity to own a mixed use Com/Res 2.5 story building located in the historic core of downtown Exeter, Ontario. This property offers exceptional cash flow potential with two street-level retail spaces currently vacant ready for your next venture or available for lease to new tenants. In addition to the retail storefronts, the building features five fully renovated residential units at the rear and upper levels. Separate entrances at both the front and rear of the building provide easy access for tenants. Three units (1 unit of 3 bed, and 2 units of 1 bed) are already occupied by long-term tenants, while the remaining two units (1-bachelor unit (830sqf+/-) &1 bedroom unit) offer flexibility for owner occupancy or additional rental income. Highlighted features include: Full renovation of all residential units to meet 2025 building code standards; Brand new kitchens in two of the units; New siding and windows (installed three years ago); New electrical throughout the entire building; Baseboard heating with individual controls in each unit; Four owned hot water tanks; Interconnected fire alarm system; Whole-building Wi-Fi coverage. This turn-key property is perfect for investors seeking a secure, income-generating asset with minimal work needed. Easy 11% cap rate when fully occupied. Proforma financials are available upon request. Opportunities like this don't come around often, don't miss out! Call today to schedule your private showing! Please allow enough time to deliver 24 hour entry notices to tenants.
Location
Province ON
County Huron
Community Exeter
Area Huron
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 24.3
Lot Depth 140.87
Others
Security Features Yes
Listed by CENTURY 21 FIRST CANADIAN CORP
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