79 Front Street West, Strathroy-Caradoc (NW) - Business for Sale
79 Front Street West, Strathroy-Caradoc (NW), Ontario, N7G1X6
This business in Strathroy-Caradoc is for sale offering roughly 2,200 sq ft of space. It has been on the market 93 days, fresher than the Strathroy-Caradoc average of 162 days.
Description
Located in the heart of downtown Strathroy, this well-maintained mixed-use property offers a solid investment opportunity with stable, diversified income. The building comprises five fully leased units, including two established street-front retail spaces on the main level, a compact residential unit at the rear, and two spacious residential apartments on the upper floor.The retail units benefit from long-standing tenancies and strong visibility, while the residential units are well laid out and consistently rented. A private rear yard and on-site parking for up to four vehicles further enhance tenant appeal and functionality.With reliable tenants in place who have demonstrated a desire to remain, the property provides immediate cash-flow stability. Over time, there is potential for rental growth and value enhancement through thoughtful management and updates. An excellent opportunity to acquire a versatile, income-producing asset in a growing and well-serviced downtown core. (id:66096)
Property Details
- MLS®
- X13638130
- Property Type
- Business
- Zoning
- C1
- Interior Size
- 2,200 ft²
- Frontage
- 33 ft
- Building Area
- 2,200 ft²
- Heating
- Forced air, Natural gas
- Cooling
- None
- Property Tax
- $2,712/yr
- Listed
- 93 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 93 days on market, against an average age of 162 days across the listings currently for sale in this city
This business in Strathroy-Caradoc (NW) has been listed for 93 days, which is 69 days fresher than the city average of 162. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N7G)
This home lists at $799,000, about 9.4× the local median household income of $85,000.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 84% above the area median.
- Median household income
- $85,000
- Population
- 19,921
- Median age
- 44.4
- Owner / renter
- 76% / 24%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N7G)
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$799,000
Strathroy-Caradoc