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$1,499,900
New Tecumseth
60 Queen Street South, New Tecumseth (Tottenham), Ontario, L0G1W0
This retail property in New Tecumseth is for sale offering roughly 6,300 sq ft of space. It has been on the market 1 day, fresher than the New Tecumseth average of 49 days.
Prime mixed-use investment property in downtown Tottenham featuring five residential apartments and one commercial unit currently operating as a barber shop. Generating approximately $9,849 in gross monthly rental income ($118,188 annually). Features include 10 parking spaces, a private driveway and a basement. The majority of the building is heated by a central gas heating system, with only two apartments using electric baseboard heating. Utilities include two water meters, three hydro meters and one gas meter. Excellent exposure on Queen Street South, within walking distance of shops, restaurants and local amenities. Great investment opportunity with both residential and commercial rental potential. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 1 day on market, against an average age of 49 days across the listings currently for sale in this city
This retail in New Tecumseth (Tottenham) has been listed for 1 day, which is 48 days fresher than the city average of 49. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,499,900, about 12.7× the local median household income of $118,000.
Carrying it typically needs a household income of about $292,983 (20% down, 25-yr amortization, stress-tested) — roughly 148% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0G)
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