$599,900
Available - For Sale
Listing ID: X12824608
188-192 RAGLAN Street South , Renfrew, K7V 1R1, Renfrew
| **Interior photos to come soon - email me to be notified** Want to open a Cafe or Men's clothing store OR be an investor? AN OWNER-OCCUPIER'S DELIGHT or INVESTORS CASH COW in the growing town of Renfrew. Only 45 min from Ottawa, this Exceptional mixed-use investment opportunity with immediate cash flow and significant value-add potential. All Roofs replaced 2024 plus updates equal $100,000 over last 2 years. Featuring one leased long-term tenant retail storefront ($2500+hydro), another vacant 1250 sqft storefront retail, PLUS a 2,500+ sq. ft. second-floor office space (currently vacant). Potential Income & Expenses: Gross Income: $84,000/year ($2,000/month for office x 2 retail units at $2500/month) Expenses: Approx. $17,804/year (projected to decrease) Potential NOI: $62,196/year. The upper-level 2,500+ sq. ft. office presents major upside. Add value and resell, or hold for strong long-term cash flow. Priced at just over $100 per sq. ft., this is a rare opportunity to acquire a cash-flowing asset with substantial upside. AN ADDED BONUS: owner-occupiers can operate their business upstairs while off-setting costs with income from the leased retail units - potentially running at low to no overhead. Cash flow today. Increase value tomorrow. 24 hours' notice required for showings to see whole building. Book your viewing today. PUBLIC PARKING IN FRONT. |
| Price | $599,900 |
| Taxes: | $9780.00 |
| Tax Type: | Annual |
| Occupancy: | Partial |
| Address: | 188-192 RAGLAN Street South , Renfrew, K7V 1R1, Renfrew |
| Postal Code: | K7V 1R1 |
| Province/State: | Renfrew |
| Legal Description: | PT LT 7, W/S RAGLAN ST, PL 11; PT LT 7, |
| Lot Size: | 15.67 x 119.58 (Feet) |
| Directions/Cross Streets: | From Highway 417 West, turn left onto Gillan Road, Turn left onto ON-60W, Destination will be on the |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 5000.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 2500 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX HALLMARK REALTY GROUP |
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Lynn Tribbling
Sales Representative
Dir:
416-252-2221
Bus:
416-383-9525
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Renfrew |
| Municipality: | Renfrew |
| Neighbourhood: | 540 - Renfrew |
| Lot Size: | 15.67 x 119.58(Feet) |
| Tax: | $9,780 |
| Fireplace: | N |
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