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Currently operating as a Dental Office & Denture Centre with 3 additional private residential apartments. Zoning allows for a versatile array of uses for main floor office space. Modern layout and high quality finishes throughout. No need to deal with below market rents since residential units are readily vacant and meticulously taken care of. Tremendous upside potential for savvy investors offering a 5.81% cap rate at full capacity. Alternatively, the ideal investment for professionals seeking to open their own practice benefiting with a combined work and live-in space. Stand out in your industry as you mitigate overhead operating costs while maximizing the rental income potential. Drastically eliminate your commute time while increasing efficiency and quality of life. Convenient location with simple public transit accessibility. Strategic corner lot allows for enhanced visibility for high foot traffic directly off Yonge St. Private driveway allows for 12 vehicle parking spaces in tandem with the potential to expand. Oversized garage allows for additional parking / storage space or possible conversion. Truly an exceptional opportunity to enhance your real estate portfolio and fast track your success! **EXTRAS** 1st Floor fully equipped dental office designed to accommodate wide range of dental services. 2nd Floor apartment: spacious 3 bed unit w/ massive loft. Basement: 1 bed & bachelor unit. 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Description
Welcome to 142 Algonquin Blvd East! This budget-friendly commercial office space is an ideal opportunity for investors or business owners. Featuring private parking for up to 6 vehicles and over 1,100 square feet of space, this office is perfectly situated and move-in ready with newly installed flooring. The roof was replaced just 2 years ago. Benefit from high foot traffic, an excellent walk score, two street entrances, and a private entrance from the parking area. The building can be easily divided to suit your needs, and the infrastructure is set up for convenience. With a Net Operating Income (NOI) of $17,547 and Projected Net Rent of $28,700, this property offers an exceptional Cap Rate.
Details
MLS® Number
X9266393
X9266393
Property Size
1176 Sqft
1176 Sqft
Additional details
- Utilities: Yes
- Cooling: Partial
- County: Cochrane
- Property Type: Commercial Sale
Address
- Address 142 Algonquin E Boulevard
- City Timmins
- State/county ON
- Zip/Postal Code P4N 1A7
- Country CA