$899,000
Uxbridge
9 Main Street South, Uxbridge, Ontario, L9P1P7
This retail property in Uxbridge is for sale offering roughly 2,770 sq ft of space.
Prime mixed-use investment opportunity featuring retail office/residential building in a high-traffic location in the heart of downtown Uxbridge. The main floor offers commercial office/retail space, the majority of which is currently leased to a real estate brokerage on a month-to-month basis, with either the Landlord or Tenant having the option to terminate upon 60 days' notice.The second floor consists of three self-contained residential apartments, including one bachelor unit, one one-bedroom unit, and one two-bedroom unit. The bachelor and two-bedroom units are currently tenanted, while the one-bedroom unit presents an opportunity for additional rental income or owner occupancy.On-site surface parking is available at the rear of the building and is accessed via a private driveway. Ideally situated in a thriving and growing community, this property stands to benefit from several significant public and private investments currently underway in Uxbridge, including the redevelopment and expansion of Uxbridge Hospital, the construction of the new Uxbridge Aquatic & Sports Complex, the new Uxbridge-Scugog Animal Shelter, the continued development of the Uxbridge Urban Provincial Park, and the Township's ambitious downtown revitalization initiative featuring a new public town square, enhanced public spaces, and additional residential and commercial development. These transformative projects are helping to strengthen Uxbridge's position as one of Durham Region's most desirable communities in which to live, work, and invest. An exceptional opportunity for investors seeking a diversified income-producing property with both commercial and residential components in a vibrant and evolving downtown core. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 142 days on market, against an average age of 72 days across the listings currently for sale in this city
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Approximate location — exact address confirmed upon showing
This home lists at $899,000, about 7.9× the local median household income of $114,000.
Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 54% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9P)
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