$1,995,000
Clarence-Rockland
623-655 Laurier St Street, Clarence-Rockland, Ontario, K4K1E7
This retail property in Clarence-Rockland is for sale offering roughly 16,590 sq ft of space. It has been on the market 8 days, fresher than the Clarence-Rockland average of 77 days.
An exciting investment and development opportunity in the heart of Rockland! Offered together, 623-655 Laurier Street comprises two neighbouring properties with approximately 20,000 sq. ft. of combined land, featuring a tenanted commercial restaurant building and a two-unit residential property. The restaurant generates $54,000 in annual rental income, with approximately three years remaining on its current lease, while the two-bedroom apartments generate a combined $1,850 per month. With existing income in place, investors have the opportunity to hold the properties while exploring their future plans. Located in growing Clarence-Rockland, which experienced 8.1% population growth between 2016 and 2021, the properties benefit from proximity to local amenities, Dutrisac Park, the Ottawa River, and Highway 174 with convenient access to Ottawa and Orléans. Whether you're looking to maintain the existing uses, reposition the buildings, or explore future infill or mixed-use development potential, this versatile offering presents an opportunity worth investigating. The properties are held under separate titles and have different zoning designations. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 8 days on market, against an average age of 77 days across the listings currently for sale in this city
This retail in Clarence-Rockland has been listed for 8 days, which is 69 days fresher than the city average of 77. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,995,000, about 19.2× the local median household income of $104,000.
Carrying it typically needs a household income of about $389,693 (20% down, 25-yr amortization, stress-tested) — roughly 275% above the area median.
Source: Statistics Canada, 2021 Census (FSA K4K)
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