$1,300,000
Orangeville
145-147 Broadway, Orangeville, Ontario, L9W1K2
This retail property in Orangeville is for sale offering roughly 3,035 sq ft of space. It has been on the market 16 days, fresher than the Orangeville average of 60 days.
An exceptional investment opportunity in the heart of downtown Orangeville! 145-147 Broadway offers a desirable combination of established commercial income and residential rental potential in a high-visibility location. The main floor is occupied by a fabulous tenant, an established music store featuring a spacious storefront, multiple lesson rooms, a staff room and a music studio at the rear, providing a versatile commercial space well suited to its current use. The upper level features 2 separate residential units offering additional rental income potential. With commercial and residential components under one roof, this property presents an attractive opportunity for investors seeking a mixed-use asset in a thriving downtown setting. Surrounded by locally loved shops, restaurants, services and the energy of Orangeville's downtown core, this is an opportunity to invest in a well-established commercial location with multiple income streams. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 60 days across the listings currently for sale in this city
This retail in Orangeville has been listed for 16 days, which is 44 days fresher than the city average of 60. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,300,000, about 11.8× the local median household income of $110,000.
Carrying it typically needs a household income of about $253,936 (20% down, 25-yr amortization, stress-tested) — roughly 131% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9W)
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