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Explore commercial properties for sale and lease opportunities across Ontario including industrial buildings, office space, retail plazas, warehouses, mixed-use developments, and commercial investment properties.
This expansive 43-bedroom rooming house offers exceptional scale, versatility, and income potential. Featuring two oversized kitchens and a layout well-suited for high-capacity living, the property sits on a large lot with ample on-site parking, providing convenience for tenants and operational flexibility for the owner. Currently 75% occupied, the building offers immediate cash flow with significant upside-allowing you to select and place additional tenants of your choosing to optimize revenue. With its configuration and proximity to the local college, the property may also be an excellent candidate for student housing, offering strong demand and consistent rental performance. The main building is in good condition, supporting both turnkey operation and future value-add strategies. Please note that the 3-bedroom home at the front of the property is not included in this sale, as it is currently in the process of being severed. Lot dimensions shown are from GeoWarehouse and will be reduced upon completion of the severance. This is a rare opportunity to acquire a high-capacity residential investment with substantial growth potential in a desirable location. (id:2493)
Property Type:
Business
Total Living Area:
17,000 sq. ft.1,579 m2
Zoning:
RM2
Taxes:
$14,569 /
-
Community:
Wellington
Appliances Included:
Dryer, Alarm System, Two Washers, Water Heater
Bathrooms:
6.0
Cooling:
None
Fireplace:
No
Heating:
Baseboard heaters
Water:
Municipal water
Lot Frontage:
92'28 m
Lot Details:
92.05 x 214.18 FT ; 96.8x214.18x92.05x41.05x1.84x172.88 ft
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