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No other real estate opportunities quite like this one! On September 13, 2023, the 1827 Wine & Cheese Lounge opened, providing an elevated experience for the most refined of taste in one of the loveliest communities in the region. This extensively renovated mixed use triplex offers so much to a potential purchaser. You could take over operations of the lounge, you could create your own vision for the space or you can simply invest to add to your real estate portfolio. Over $150,000 in renovations have taken place since June of 2022. Improvements were made to the structure, electrical and plumbing systems as well as to the decor of the main floor space. The fully equipped kitchen has everything a chef needs to create gastronomic wonders and the equipment could be part of the package for a potential purchaser. Customers can enjoy the scenic views of the river from the deck. There are two apartments on the second floor to add to your revenue stream or to act as living quarters for an owner operator. The two bedroom apartment is currently rented for $1590 per month plus hydro. The three bedroom apartment is currently vacant, being repainted and would rent for close to $1750 (plus hydro) and maybe more. The parking lot can accommodate 10 cars. This building has it all, is turnkey and is in a beautiful location! Come and walk the property and its gardens to see for yourself. If visiting the restaurant, please be discreet as the staff may or may not know that the property is for sale. Come see!" +"BasementYN": true +"BuildingAreaUnits": "Square Feet" +"BusinessName": "```" +"BusinessType": array:1 [ 0 => "Apts - 2 To 5 Units" ] +"CityRegion": "907 - Perth" +"CoListOfficeName": "RE/MAX HALLMARK LAFONTAINE REALTY" +"CoListOfficePhone": "613-663-2720" +"Cooling": "Partial" +"Country": "CA" +"CountyOrParish": "Lanark" +"CreationDate": "2025-05-16T23:09:43.522736+00:00" +"CrossStreet": "Gore St E and Mill St" +"Directions": "Highway 7 to Wilson St W to North St to Gore St E" +"ElectricExpense": 5128.69 +"ExpirationDate": "2025-11-14" +"InsuranceExpense": 8511.48 +"RFTransactionType": "For Sale" +"InternetEntireListingDisplayYN": true +"ListAOR": "OREB" +"ListingContractDate": "2025-05-16" +"LotSizeSource": "MPAC" +"MainOfficeKey": "505300" +"MajorChangeTimestamp": "2025-05-16T20:16:39Z" +"MlsStatus": "New" +"NetOperatingIncome": 52705.8 +"OccupantType": "Owner+Tenant" +"OperatingExpense": "29374.2" +"OriginalEntryTimestamp": "2025-05-16T20:16:39Z" +"OriginalListPrice": 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Description
20 Res units + 7 Com units. 7.2% cap rate with full expenses including Prop mng. R&M, vacancy and super. Located in Vibrant downtown Port Hope. Continued population growth and an exciting revitalization of downtown. Excellent foot traffic for commercial space. Please bring all offers.
Details
MLS® Number
X9282706
X9282706
Additional details
- Utilities: Available
- Cooling: Partial
- County: Northumberland
- Property Type: Commercial Sale
Address
- Address 56-60 Walton Street
- City Port Hope
- State/county ON
- Zip/Postal Code L1A 1N1