207/209 Main Port Stanley ON N5L 1C4

Description

PRIME DOWNTOWN LOCATION FOR SALE! This is a large property with a 4-unit Mixed-Use 3000sf, 1.5 storey house converted into 2 Commercial units on the front main level, and 2 Residential units on the back, 2 levels each with back patios, parking and separate entrances. Currently all tenants are on month-to-month leases. 1 Retailer rents both comm units on the main fl front of building, includes a full unfinished basement for storage, laundry & a 2 pc staff washroom. 14 rear private Parking Spots. South Res unit (207) is approx 1100sf, a fully updated NY Loft-style 1 Bedroom & den with vaulted ceilings, skylight, lots of storage, laundryroom, tall cabinets in kitchen, open floor plan with DR and French doors leading out to private back patio; North Res unit (209) is approx 860sf, has an open floor plan with Kitchen, LR, DR, leading out onto private back patio. Upstairs has 2 bdrms, 4pc bath, lots of natural light. Building comes with vinyl windows, new metal roof installed in 2019; reinforced floor joists in basement, 3 Forced air gas Furnaces, 2 HWT ( 2020 & 2022), 2 Central AC, 2 Mini-Split AC units in Storefront units, 4 separate hydro meters: 2 – 100amps to res units, 2- 60 amps to 2 comm units. Please see photos & floorplans for layouts of each unit. Survey & Financials are available upon request. This building was not designated ‘Heritage’ so development is possible. This is your opportunity to add this large valuable property to your portfolio, and/or enjoy it for yourself and your family! Conversion back to a large single family home is possible with a zoning change appl: or modify the 2 res units into one with 2 doorways thus keeping the commercial spaces for income; or change the units floorplans to accommodate other usages complying with the current zoning: or add medical offices with a zoning change application. Lots of potential for improvements & development here, or keep it the way it is! This is your opportunity to own a well-maintained property!