$495,000
West Perth
109 St Andrews Street, West Perth (Mitchell), Ontario, N0K1N0
This retail property in West Perth is for sale offering roughly 4,000 sq ft of space.
Prime downtown Mitchell investment opportunity! Whether you're an investor looking for steady rental income or a business owner wanting to own rather than lease, this exceptionally well-maintained commercial property offers outstanding flexibility and value.The main floor features a professional, move-in ready commercial space with a versatile layout that can accommodate up to six private offices, including an executive office or collaborative workspace. A convenient roll-up overhead door opens to a warehouse/storage area, making the property ideal for retail, professional services, contractors, trades, light industrial, or distribution businesses. A second-floor mezzanine provides additional storage or workspace, adding even more functionality.Adding to the property's appeal is a leased residential apartment on the upper level, providing immediate rental income to help offset ownership costs while enhancing the property's long-term investment potential. Whether you choose to continue leasing the commercial space, operate your own business from the main floor, or work just steps from home, this property offers exceptional versatility.Located in the heart of downtown Mitchell, you'll benefit from excellent visibility, easy access, and a thriving small-town business community. The building has been exceptionally well cared for and is in excellent condition, allowing the next owner to move in with confidence and focus on growing their business or investment portfolio.A rare opportunity to own a quality mixed-use building in one of Perth County's most welcoming communities-offering commercial space, residential income, and endless possibilities under one roof. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 124 days on market, against an average age of 74 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 98.0 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This retail in West Perth (Mitchell) 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 $495,000, about 5.5× the local median household income of $90,000.
Carrying it typically needs a household income of about $96,691 (20% down, 25-yr amortization, stress-tested) — roughly 7% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0K)
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