$699,999

For sale

98-100 Walton Street, Port Hope - Retail for Sale

98-100 Walton Street, Port Hope, Ontario, L1A1N3

4 parking4,200 ft²21 × 127 ft (2,622 sq ft) lot sizeListed 14 days ago

Overview

This retail property in Port Hope is for sale offering roughly 4,200 sq ft of space. It has been on the market 14 days, fresher than the Port Hope average of 87 days.

Retail Space for Sale in Port Hope →All real estate in Port Hope →

Description

ONE GREAT COMMERCIAL/RESIDENTIAL PROPERTY IS NICE BUT TWO GREAT COMMERCIAL/RESIDENTIAL PROPERTIES SIDE BY SIDE WITH A HUGE PARKING LOT IS PROBABLY BETTER, RIGHT ? *Media includes photos of both properties that should be sold together, so call your friend or family member right now and invest together in this amazing opportunity. Joint list price of $1,398,000 for both properties 98-100 & 102 Walton Street. Incredible multi-use investment opportunity in downtown Port Hope's historic strip. Featuring 2 main floor commercial spaces and 10 residential apartments; 4 bachelor units, 4 one bedroom units & 2 two bedroom units with a rare parking lot for 14. Well updated and maintained property offering a great mix or residential and commercial with a large parking lot at the back for tenants. Many updates including a newer roof in the last year or so, updated brick work, heat pump among many other upgrades. This is a rare opportunity to land an excellent investment property with the possibility to relocate your current successful business into one of the main floor commercial spaces for added value if needed. Why pay rent to lease your current commercial space when you can own and collect rent to help you pay the mortgage? Do the math, years of leasing the space for your current, successful business does not add up. Most successful businesses that last for many years are the ones that also own the real estate. With so many great improvements happening to downtown Port Hope and in the area in general that will boost the local economy, you will want to get in before you just cant. (id:66096)

Property Details

MLS®: X14105176
Property Type: Retail
Zoning: C3
Parking: 4
Interior Size: 4,200 ft²
Lot Size: 21 × 127 ft (2,622 sq ft)
Frontage: 21 ft
Heating: Other
Cooling: Partially air conditioned
Property Tax: $12,068/yr
Listed: 14 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Port Hope listings, avg age

87d

Price / ft²

$167

List price

$700K

Haho

This retail in Port Hope has been listed for 14 days, which is 73 days fresher than the city average of 87. Act while there is still low competition.

Set a price alert Book a showing

Listed by REAL ESTATE HOMEWARD · JOHNNY PERCOLIDES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L1A)

This home lists at $699,999, about 8.1× the local median household income of $86,000.

Carrying it typically needs a household income of about $136,734 (20% down, 25-yr amortization, stress-tested) — roughly 59% above the area median.

Median household income: $86,000
Population: 15,845
Median age: 51.2
Owner / renter: 77% / 23%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L1A)

$699,999· $167/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →