70 Victoria Street, New Tecumseth, ON Image 1

$4,599,999

Investment For Sale
MLS - #N12019048
Mar 14- By CENTURY 21 WENDA ALLEN REALTY

70 Victoria Street, New Tecumseth, ON L9R 1L2

Bed
Bath
14625 Sqft.
None Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

14625 Sqft

About 70 Victoria Street

70 Victoria St East Located in the Heart of Alliston is a Prime Mixed-Use Building that is Highly Sought-After due to its Premium Visibility & Foot Traffic. Solid Retail Long Term Leases with Extensive Leasehold Improvements. $$Million$$ Invested in the 4 Retail Units. Franchise Chains, Champs Burgers, Mac N' Wings, Pizzaiola along with Well Respected Cannabis Retailer Green Grove. All Long-Term Leases @ Premium Retail Rents. Upper Levels Features 8 Large 2 Bedroom + Den Fully Contained Apartments. Very Well-Maintained Building. Over $250K in Building Renovations Since 2021. Including Common Area Upgrades, Hot Water Tanks, Parking Lot Resurfacing, Full Roof Replacement, Full Apartment Renos and much more. Expansive Front and Rear Parking Areas. 6 of the 8 Residential Leases are Below Market & Month-to-Month. Tons of Upside Potential as This Building Has a Fantastic Reputation Within the Community, PLUS its Unbeatable Location! Massive Potential for Redevelopment in the Future if so Desired. The Numbers on this Investment Property will Impress. Please Inquire Further for Lease, Income and Expense Numbers

Home Overview

Last updated

Mar 14

Virtual tour

None

Basement information

Building size

14625

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:N/A
Cooling:Yes
Heating:Electric Forced Air
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
459999900.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

Walking Icon

Walk Score for 70 Victoria Street

Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$17568.88/ month
$3,679,999 Principal and Interest
$4,415,999 Property Taxes

Some information about this property - Victoria Street

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