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488 MAIN Street, POWASSAN
2024-05-22
Quick Summary
- Location
- 488 MAIN Street, POWASSAN, Ontario P0H1Z0
- Price
- $899,900
- Status:
- For Sale
- Property Type:
- Office
- Area:
- 6906ft2
- Year of Construction:
- 1940
MLS®#40590163
Property Description
Opportunity knocking! Nestled in the heart of quaint and friendly Powassan, this spotless and impeccably maintained, 6-unit multi-residential plus commercial income property is a testament to a smart real estate investment. Boasting a harmonious blend of residential and commercial space, offers a dynamic opportunity with a robust return on investment. Despite the passage of time, this building remains a cherished landmark in the neighbourhood, its beauty and charm enduring for generations to come. Each of the six residential units has been meticulously updated ensuring tenant satisfaction and maximizing rental income. Every detail has been thoughtfully curated to enhance both functionality and aesthetics. The main level commercial space is currently vacant. 400 sf of space is perfectly suited for various uses to provide for an additional income potential and flexibility. Whether utilized as a storefront, office space, or boutique, its prime location ensures high visibility and foot traffic, further augmenting its value. With plentiful parking spaces and dedicated storage areas under a covered car port area, tenants can enjoy the utmost convenience and peace of mind. This turnkey property offers easy access to highway ON 11 for both residents and commuters alike. With nothing left to be done, investors can enjoy immediate cash flow and peace of mind, knowing that the property has been maintained and updated to the highest standards. In summary, this 6-unit multi-residential plus commercial income property offers a rare combination of modern convenience, income potential, and investment stability. It stands as a beacon of opportunity in the competitive real estate market located 3.3 hours from Toronto and only a 20 min drive to North Bay. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Schools
Building
- Basement Type: Full
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 6906 sqft
- Stories: 2.5
- Utility Water: Municipal water
Features
- Feature: Visual exposure, Paved driveway, Crushed stone driveway
Land
- Land Size: under 1/2 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Zoning
- Description: CV1
Information entered by REALTY EXECUTIVES Local Group Inc. Brokerage
Listing information last updated on: 2024-09-16 14:06:54
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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