5 Unit IN STRATHROY

77 FRONT ST W | $899,000

2 Retail Units | 3 RESIDENTIAL units | Downtown Location

This mixed-use property in the heart of Strathroy presents an excellent investment opportunity. The building comprises five fully tenanted units: two street-facing retail spaces on the main level, a compact residential unit at the rear, and two spacious residential apartments on the upper level.The property features a private rear yard and parking for up to four vehicles, enhancing its appeal for tenants. With long-term, reliable tenants in place who are eager to stay, this property provides immediate income stability.For the forward-thinking investor, theres potential to enhance the property and increase rental income over time. This is a chance to secure a versatile, income-generating property in a growing community.

 

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Key Features:

  • Prop. Tax : $3046.59 (2024)

  • Retail Unit 1: $1,696 (utilities included)

  • Retail Unit 2: $1,150 (utilities Included)

  • Residential Unit 1 (main floor): $1,100 (tenant pays gas, water and hydro included)

  • Residential Unit 2 (upper unit): $770.80 (tenant pays all utilities)

  • Residential Unit 3 (upper unit): $1,000 (tenant pays gas and hydro)

  • Two water heaters rentals:($114.88/quarterly/per unit)

Key Updates:

  • Eavestrough & Roofing - 2016

  • Some flooring throughout units

  • Painting

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