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157 Main Street N Wellington North (Mount Forest), Ontario N0G 2L2

14424 sqft
None Baseboard Heaters, Forced Air

$1,250,000

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:13139)

Property Details

MLS® Number X12766598
Property Type Retail
Community Name Mount Forest
FarmType Other
ParkingSpaceTotal 15

Building

Age 100+ Years
CoolingType None
HeatingFuel Natural Gas
HeatingType Baseboard Heaters, Forced Air
SizeInterior 14424 Sqft
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 238 Ft
SizeFrontage 60 Ft
SizeIrregular 60 X 238 Ft
SizeTotalText 60 X 238 Ft
ZoningDescription Commercial C1

https://www.realtor.ca/real-estate/29334135/157-main-street-n-wellington-north-mount-forest-mount-forest

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