$1,125,000
Addington Highlands
12497A Highway 41, Addington Highlands (Addington Highlands), Ontario, K0H2G0
This retail property in Addington Highlands is for sale offering roughly 5,768 sq ft of space. It has been on the market 78 days, fresher than the Addington Highlands average of 124 days.
Meticulously maintained rural mixed-use gem with strong holding income. Located at 1249A Hwy #41in Northbrook, this 5,768 sq. ft. multi-tenant mixed-use building offers an exceptional turn-key opportunity for an active investor or hands-on landlord. Fully occupied with long-term residential and commercial tenants, this property features 1 large anchor office tenant, 2 smaller office suites, and 2 residential apartments-delivering a diversified, reliable income stream. Cared for meticulously by the current owners, the building boasts a long list of recent capital upgrades (see attached Information Sheet for full details). Situated on a high-visibility corridor, this investment also offers a rare growth play: the adjacent lot is available for purchase separately, providing immediate room for expansion, additional parking, or future development. Ideal for an investor seeking high-pride-of-ownership with stable returns in a growing rural hub. Showings by appointment only. Do not disturb tenants, and the current tenants are not relocating. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 78 days on market, against an average age of 124 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 90 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Addington Highlands (Addington Highlands) has been listed for 78 days, which is 46 days fresher than the city average of 124. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,125,000, about 12.2× the local median household income of $92,000.
Carrying it typically needs a household income of about $219,752 (20% down, 25-yr amortization, stress-tested) — roughly 139% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0H)
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