
Courtesy of: JOSELINE NICHOLAS, Broker, Re/Max Icon Realty
$650,000
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2,320 square feet
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|
Retail
|
$650,000
1047 MAIN Street E PRICED TO SELL. Fully vacant mixed-use triplex offering a strong live and work plus income investment opportunity with immediate ability to set market rents. The property includes a street-facing main-floor commercial unit, a self-contained rear residential apartment, and a spacious 3-bedroom upper unit, all with separate entrances and over 2, 300 sq ft of total space. Flexible C2 zoning supports a range of commercial and residential uses . Recent capital improvements include roof (2024), boiler (2021), new rear deck (2025), renovated bathrooms, updated flooring, and refreshed commercial interiors, reducing near-term capital expenditure. Located on a high-visibility corridor steps to transit, amenities, and long-term area growth with anticipated future LRT connectivity, the property also offers one on-site driveway parking space plus nearby street parking. Projected rents are $4, 300 to $5, 100 per month with projected NOI of $42, 000 to $45, 000 annually, making this a flexible asset suitable for investors seeking stable cash flow and long-term appreciation potential. (id:203)