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$610,000
Cochrane
22 Fifth Avenue, Cochrane, Ontario, P0L1C0
This office property in Cochrane is for sale offering roughly 4,041 sq ft of space. It has been on the market 55 days, fresher than the Cochrane average of 75 days.
Welcome to this exceptionally maintained property that showcases outstanding curb appeal. This cash-flow-positive property would make a great addition to your investment portfolio and provide the flexibility of a unique mixed-use commercial opportunity. Situated on a highly visible corner lot with ample parking and a C3-1 zoning, this property features two separate buildings offering a total of 4 office units, 1 residential apartment, and 1 garage unit. The newer building, constructed in 2012, offers over 2,600 sq. ft., while the adjacent building provides an additional 1,400+ sq. ft. Each unit is thoughtfully equipped with in-floor heating, air exchangers, utility sinks, hot water on demand, and air conditioning. With established, long-standing tenants already in place, this property offers steady rental income and a great opportunity to own a versatile property with multiple revenue streams. Whether you're looking to expand your portfolio or secure a commercial property with space and flexibility, this one is worth a look. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 55 days on market, against an average age of 75 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This office in Cochrane has been listed for 55 days, which is 20 days fresher than the city average of 75. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $610,000, about 7.9× the local median household income of $77,500.
Carrying it typically needs a household income of about $119,154 (20% down, 25-yr amortization, stress-tested) — roughly 54% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0L)
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