256-258 Scott Street, Fort Frances, Ontario, P9A1G7
This retail property in Fort Frances is for sale.
Excellent investment opportunity with strong income potential! This well-maintained commercial building, formerly home to The Pink Parasol Tea Room, is in great condition and offers numerous upgrades throughout. The main floor features a bright, inviting commercial space complete with a kitchenette, built-in seating, and a fully accessible washroom. A full basement provides additional space for storage or office use, along with a second washroom. Security alarm and camera system equipment are included. The upper-level commercial space is currently tenanted with a signed 2-year lease beginning November 2025. Two residential units are also in place on month-to-month tenancies, and main floor has a 2 year lease starting June 2026, offering immediate income with future flexibility. Extensive updates include a new roof (2024), renovated apartments (2019), kitchenette addition (2024), updated LED lighting (January 2021), and new flooring and ceiling throughout the main floor (January 2021). A recently added rear staircase and four dedicated parking spaces further enhance accessibility and functionality. A turnkey, income-generating property with solid returns and quality updates throughout, ideal for investors or owner-operators. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 210 days on market, against an average age of 109 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 98.3 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This retail in Fort Frances 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 $268,000, about 3.3× the local median household income of $82,000.
Carrying it typically needs a household income of about $52,350 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P9A)
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