$999,999
Brockton
240-242 Durham Street East, Brockton, Ontario, N0G2V0
This retail property in Brockton is for sale offering roughly 10,000 sq ft of space. It has been on the market 37 days, fresher than the Brockton average of 64 days.
Prime investment opportunity in the heart of Walkerton's downtown core. This fully leased mixed use building features 3 stable commercial tenants and 5 well maintained residential units, offering diversified income and minimal vacancy risk.The main floor is anchored by an established financial institution with a long standing presence in the community-providing reliable, long term commercial tenancy in a high visibility location. Additional commercial spaces are leased to a long term insurance office and a successful hair salon, creating a balanced and resilient tenant mix. All residential apartments show extremely well, with consistent demand and strong rental performance. Commercial units are clean, professional, and well cared for. The building itself has been well maintained, reflecting pride of ownership and reducing near term capital expenditure concerns.This asset delivers a solid rate of return with clear upside potential through future rent growth and continued appreciation in Walkerton's thriving core. Financial information available to qualified buyers. Contact for full investment package. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 37 days on market, against an average age of 64 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 73 days on the market over the past year, against a median of 48 days across the markets we publish.
This retail in Brockton has been listed for 37 days, which is 27 days fresher than the city average of 64. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $999,999, about 12.0× the local median household income of $83,000.
Carrying it typically needs a household income of about $195,335 (20% down, 25-yr amortization, stress-tested) — roughly 135% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0G)
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