$1,799,000
Centre Wellington
152-168 ST ANDREW Street West, Centre Wellington (Fergus), Ontario, N1M1N5
This retail property in Centre Wellington is for sale offering roughly 5,500 sq ft of space.
Prime Downtown Fergus Investment & Development Opportunity - 152-168 St. Andrew Street W, Fergus Exceptional opportunity to own a landmark mixed-use commercial property in the heart of historic Downtown Fergus. This prominent investment property features a strong lineup of established retail and food-service tenants, providing excellent exposure, consistent foot traffic, and reliable income in one of Centre Wellington's most desirable commercial districts. Current tenants include String Theory, Upholstery, Butcher Shop, La Boutique, and Underground Roti Kitchen, offering a diverse mix of successful local businesses that serve both residents and visitors year-round. Beyond its current income, this property presents an outstanding future redevelopment opportunity, with potential for a mixed-use residential and commercial development, subject to municipal approvals. Investors and developers can capitalize on Fergus's continued population growth, increasing housing demand, and the municipality's vision for a vibrant downtown core. Ideally located within walking distance of shops, restaurants, parks, the Grand River, and community amenities, this rare offering combines stable rental income today with exceptional long-term redevelopment potential-making it an outstanding addition to any investment portfolio. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 86 days on market, against an average age of 49 days across the listings currently for sale in this city
This retail in Centre Wellington (Fergus) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,799,000, about 18.9× the local median household income of $95,000.
Carrying it typically needs a household income of about $351,408 (20% down, 25-yr amortization, stress-tested) — roughly 270% above the area median.
Source: Statistics Canada, 2021 Census (FSA N1M)
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